National investment loss lawyers KlaymanToskes is investigating broker Shaun Stein (CRD# 4873578) of Arete Wealth Management, and formerly of National Securities Corporation.
According to FINRA BrokerCheck, broker Shaun Stein of Arete Wealth, and formerly of National Securities Corporation is currently facing a customer complaint seeking damages of $722,528 for alleged excessive trading losses.
Investors that suffered losses with broker Shaun Stein 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.
According to FINRA BrokerCheck, Shaun Stein, a broker currently registered with Arete Wealth Management, is involved in a customer complaint. The complaint alleges $722,528 in investor damages due to excessive trading losses. Stein was previously registered as a broker with National Securities Corporation from May 2014 to July 2022, and with B. Riley Wealth Management from July 2022 to November 2024 in Jersey City, NJ.
The broker’s comment listed on the disclosure states “The claims filed under this arbitration are baseless. This customer is a qualified purchaser, has a high net worth, and was suitable for all transactions done in the account. This client is an extremely sophisticated investor, and the transactions done in customer account were in line with his suitability and objectives. I will defend this vigorously.”
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 Shaun Stein, or have concerns regarding your investment portfolio at National Securities Corporation, Arete Wealth Management, 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.