National investment loss lawyers KlaymanToskes is investigating Stefan Shimshidian (CRD# 3043669) of Cabot Lodge Securities, following the filing of two customer complaints alleging $406,500 in collective investor damages due to unsuitable recommendations to invest in GWG L Bonds.
Investors that suffered losses with Stefan Shimshidian may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to FINRA BrokerCheck, Stefan Ara Shimshidian is currently registered as a broker with Cabot Lodge Securities in White Plains, NY. Shimshidian is facing two pending customer complaints alleging unsuitable investment recommendations in illiquid alternative investments known as GWG L Bonds.
The first customer complaint filed against Shimshidian alleges $235,000 in damages related to investments in GWG L Bonds, and further alleges violations of federal securities laws, violations of the New York Consumer Protection Act, negligence, common law fraud, and breach of fiduciary duty.
The most recent customer complaint against Shimshidian alleges $171,500 in damages due to breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, failure to supervise, and violation of Regulation Best Interest with regard to purchases of GWG L Bonds.
GWG L Bond investors who suffered losses due to the misconduct and/or securities violations of their brokerage firm or broker/advisor should immediately contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
GWG’s bankruptcy court authorized the sale of the Beneficient (BENF) stock held by the GWG L Bondholders’ trust during a hearing (Case No. 22-90032) held on June 21, 2023. Since opening at $15 on its first day of trading, BENF has plummeted to $3. KlaymanToskes believes bondholders’ ideal option to maximize their recovery of losses is through a FINRA arbitration claim against the brokerage firms and financial advisors who sold these illiquid investments.
KlaymanToskes is currently representing many GWG L Bondholders throughout the country in FINRA arbitration claims against the brokerage firms and financial advisors that recommended the unsuitable L Bonds, including:
– Western International Securities
– Centaurus Financial
– Emerson Equity
– Moloney Securities
– Ausdal Financial Partners
– Coastal Equities
– Center Street Securities
– Arkadios Capital
– Arete Wealth Management
– Capital Investment Group
– Ni Advisors, and
– B.B. Graham & Company.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com