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Jay Sheth Of Arete Wealth Management, LLC And Formerly With National Asset Management, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Jay Sheth of Arete Wealth Management, LLC?

Jay Sheth (CRD #4656009) who is currently registered with Arete Wealth Management, LLC and located in New York, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Arete Wealth Management, LLC, Jay Sheth was associated with National Asset Management, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Jay Sheth has also had regulatory problems. He was censured by the State of Maryland. In 2022 he was suspended and fined by FINRA for allegedly sharing in his customer’s losses by making payments to customers in violation of FINRA rules.

Jay Sheth Customer Complaints

Jay Sheth has been the subject of 2 customer complaints that we know about to recover investment losses. One customer complaint was denied by National Securities Corporation and the other remains pending against that brokerage firm for Jay Sheth’s alleged misconduct.

Allegations Against Jay Sheth

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendations of several non-traded REITs and GPB Capital private placement investments.
  • Unsuitable investment recommendation of private placement (PIPES).

Jay Sheth Red Flags & Your Rights As An Investor

Of course, Jay Sheth did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jay Sheth at Arete Wealth Management, LLC and National Asset Management, Inc. on alert to review carefully the activity and performance of their accounts and question whether Jay Sheth has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Arete Wealth Management, LLC and National Asset Management, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Arete Wealth Management, LLC Due To Jay Sheth

If you have questions about Arete Wealth Management, LLC, National Asset Management, Inc. and/or Jay Sheth and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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