Were you the victim of Independent Financial Group, LLC broker Shimshon Plotkin (CRD# 2431863)? He was registered with Independent Financial Group, LLC in Chevy Chase, Maryland, from 2011 to 2025.
Shimshon Plotkin Customer Complaints
He has been the subject of 12 customer complaints between 2001 and 2025, three of which were denied, according to his CRD report. Recent complaints were regarding:
November 2025. “Alleges investment was unsuitable.” The customer is seeking $100,000 in damages.
September 2023. “Claimant, through his counsel, claims that the one investment that did not perform as expected was unsuitable.” The customer sought $280,000 in damages, and the case was settled for $105,000. The complaint was regarding non-traded real estate investment trusts (REITs).
January 2023. “Beneficiary of the estate is making a posthumous (account holder died in 2019) that certain investments were not suitable.” The customer sought $300,000 in damages, and the case was settled for $150,000. The complaint was regarding direct investment losses.
June 2021. “Allege investments were not suitable.” The customer sought $5,001 in damages, and the case was settled for $45,000. The complaint was regarding direct investments, REITs and non-traded REIT losses.
June 2019. “Allege over-concentration in alternative investments and lack of diversification.” The customer sought $500,000 in damages, and the case was settled for $145,000. The case is regarding real estate investment trusts (REITs) losses.
June 2016. “Statement of claim alleged negligence; misrepresentations; breach of contract; breach of fiduciary duty; unsuitable investments in connection with REITs and direct participation programs purchased through 2 broker-dealers from approximately 2007-2014.” The customer sought $1 million in damages, and the case was settled for $250,000. The case was regarding REITs and direct investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Independent Financial Group, LLC may be liable for investment or other losses suffered by Shimshon Plotkin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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