Last Updated: June 2024 (Scottsdale, AZ)
Stuart Jay Spivak Investigation Summary
Here’s what you need to know about Scottsdale, AZ stockbroker Stuart Jay Spivak:
- Name: Mr. Stuart Jay Spivak
- Current Employer: Centaurus Financial, Inc.
- Prior Employers: AXA Advisors, MetLife Securities
- DBA: Spivak Financial Group
- Function: Stockbroker / Financial Advisor
- Primary Location: Scottsdale, AZ
- CRD Number: 1883651
- Can Stuart Jay Spivak be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $386,188.39
- Pending Customer Dispute Seeks Damages of: $150,000
If you’ve sustained damages from Mr. Spivak, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Stuart Jay Spivak As Your Stockbroker?
In 5/2024 a customer of Centaurus Financial filed a FINRA claim seeking damages of $150,000. The customer alleges that Stuart Spivak recommended unsuitable, high-risk, illiquid investments in limited partnerships, direct participation programs and real estate securities and breached his fiduciary duty. This case is currently pending.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Stuart Jay Spivak
Allegations
Customers of Stuart Jay Spivak have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable recommendations
- Misrepresentation
- Unauthorized transactions
- Fraud
- Negligence
- Breach of fiduciary duty
- Breach of contract
Detailed Information
IN 2007 Stuart Spivak settled a customer dispute for $386,188.39 involving allegations of securities fraud, common law fraud, breach of warranty, and breach of contract in connection with the sale of a variable life insurance policy.
Another customer dispute involved a settlement of $4,500 related to the sale of a variable annuity, resolved on June 1, 2009.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Other investigations of Centaurus Financial brokers
If you have suffered investment losses in an account handled by Stuart Jay Spivak, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.