National investment loss lawyers KlaymanToskes is investigating broker/advisor Richard Sheiner (CRD# 1113326) formerly of CIBC Private Wealth Advisors and CIBC World Markets Corp.
According to FINRA BrokerCheck, broker Richard Sheiner is currently involved in a customer complaint alleging $584,407 in investor damages. Sheiner was previously registered as a broker and investment advisor with CIBC World Markets Corp and CIBC Private Wealth Advisors from October 2017 to January 2025 in Chicago, IL.
Investors that suffered losses with broker Richard Sheiner are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor Richard Sheiner of CIBC Private Wealth Advisors is currently facing a customer complaint alleging $409,002 in investor damages. The customer alleges that he agreed to open an account with Sheiner and Private Wealth Advisors (PWA) under his wife’s name only. The customer further alleges that Sheiner and PWA made promises to not deplete or encumber the account in any way without the customer’s prior consent, and to immediately notify the customer if there were any risks of depletion or encumbrance of the account, except for normal investment or trading losses. The complaint further alleges Breach of fiduciary duty, Breach of contract, Promissory estoppel, and Equitable estoppel.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Richard Sheiner, or have concerns regarding your investment portfolio at CIBC Private Wealth Advisors, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.