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Shaun Evan Stein with National Securities Corporation Has 2 Customer Complaints for Alleged Broker Misconduct in the Past Year

Who is Shaun E. Stein with National Securities Corporation?

Shaun Stein (CRD #4873578) who is currently registered with National Securities Corporation and located in Jersey City, New Jersey is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to National Securities Corporation, Shaun Stein was associated with Meyers Associates, L.P. and Alexander Capital, L.P.and 3 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

National Securities Corporation Broker Misconduct

In his career, Shaun Stein has been the subject of 5 customer complaints that we know about, 2 of those complaints were filed in the last year to recover investment losses. Two customer complaints were denied by his former employer today, the customers have not taken any further action. 

There are currently 2 pending customer complaints filed against Shaun Stein’s current employer National Securities Corporation, and 1 pending customer complaint against his former employer, J.P. Turner and Co.for investment losses caused by his alleged misconduct.

Allegations Against Shaun Stein

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

  • The claimant alleges churning, fraud, breach of fiduciary duty, breach of contract, unfair trade practices, and unsuitable recommendations.
  • Two customers separately complained and alleged churning and mishandling of his account at J.P. Turner and Co., LLC.
  • The customer alleged that Shaun Stein made unsuitable investment recommendations at National Securities Corp. to invest in common stock, real estate securities in private placements.
  • The claimant alleged that Shaun Stein and unsuitable investment recommendation at National Securities Corp. in connection with a private placement investment.

Shaun Stein Red Flags & Your Rights As An Investor

Of course, Shaun Stein 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 Shaun Steinat National Securities Corporation, Meyers Associates, L.P. and Alexander Capital, L.P. on alert to review carefully the activity and performance of their accounts and question whether Shaun Stein has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at National Securities Corporation about Shaun Stein in a short period also raises questions about its 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 National Securities Corporation And J.P. Turner and Co., LLC

If you have questions about National Securities Corporation, Meyers Associates, L.P., Alexander Capital, L.P.and/or Shaun Stein 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.

Author Photo

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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