National investment loss lawyers KlaymanToskes is investigating Shaun Grimaldi of E1 Asset Management, Inc. (CRD #4529021).
Shaun Grimaldi, a broker registered with E1 Asset Management, Inc. since 2003, has been the subject of five customer complaints from 2011 to 2023, with the most recent allegations involving mismanagement of deceased funds and a claim for $4 million in damages related to equity OTC, options, and common and preferred stock losses.
Investors that suffered losses with Shaun Grimaldi (E1 Asset Management, Inc.) are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Broker and financial advisor Shaun Grimaldi is currently facing allegations from multiple customer complaints, according to his Central Registration Depository (CRD) report. The report reveals that between 2011 and 2023, the individual was the subject of five customer complaints, one of which was closed without action.
The most recent complaint, filed in June 2023, was lodged by a beneficiary who inherited an account after the original account owner’s death. The beneficiary alleges that there was mismanagement of the deceased’s funds, as outlined in the arbitration claim. This case is currently pending.
In May 2023, another complaint was filed against the individual, as detailed in an arbitration filing. The customer involved in this complaint is seeking $4 million in damages. The allegations revolve around losses in equity over-the-counter (OTC), options, as well as common and preferred stocks. This case is also still pending.
A complaint from April 2015 provides a glimpse into the nature of the allegations the individual has faced in the past. In this instance, a customer alleged misrepresentation and unsuitable investment recommendations that were made from 2006 to 2008. The customer sought $240,000 in damages. The case was eventually settled for $7,500.
Similar to the May 2023 complaint, this case also pertained to losses in options and common and preferred stocks. These complaints highlight the importance of transparency and trust in the financial sector. As these cases progress, they will undoubtedly serve as a reminder of the need for financial advisors to act in the best interests of their clients.
Shaun Grimaldi is a registered broker with E1 Asset Management since 2003. He currently has five pending complaints against him, one regarding mismanagement of funds, one regarding misrepresentation, one regarding unsuitable investment recommendations, one regarding equity OTC, options, and common and preferred stock losses, and another regarding options, common and preferred stock losses.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against Shaun Grimaldi. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage 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 Shaun Grimaldi, or have concerns regarding your investment portfolio at E1 Asset Management, Inc., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.