Last Updated: October 2025 — Red Bank, NJ
Here’s what you need to know about Red Bank, NJ stockbroker Shaun Grimaldi:
- Name: Shaun Joseph Grimaldi
- Current Employer: Garden State Securities, Inc. (CRD# 10083); registered since 08/02/2024; primary office: 328 Newman Springs Road, Red Bank, NJ 07701.
- Prior Firms: J.H. Darbie & Co., Inc. (05/2024–08/2024, New York, NY); E1 Asset Management, Inc. (04/2003–05/2024, Jersey City, NJ); PHD Capital (06/2002–05/2003, New York, NY).
- Other Business Affiliations: JustRite Equipment
- CRD number: 4529021.
- Stockbroker / Financial Advisor: Yes — FINRA General Securities Representative & General Securities Principal; currently registered with 1 SRO and licensed in CA, CT, FL, NJ (restricted approval), NY, and PA.
- Can Broker be Sued in FINRA: Yes.
- Sanctioned by Securities Regulators: No
- Highest Award or Settlement: More than 2 million
If you’ve sustained damages from Mr. Grimaldi, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Shaun Grimaldi As Your Stockbroker?
FINRA Arbitration Award (Case No. 23-00643). A of E1 Asset Management customer filed a FINRA arbitration alleging, among other things, securities fraud (Exchange Act & Rule 10b-5), common-law fraud, negligence, breach of contract and legal duties, failure to supervise/respondeat superior/control-person liability, unsuitability, breach of fiduciary duties, and unjust enrichment, tied to unspecified securities. In April 2024, a FINRA arbitration panel entered an award against Grimaldi (joint and severally with E1 Asset Management and Ron Yehuda). The panel awarded damages of $1,604,814 in compensatory damages, $577,610 in accrued interest, continuing interest at $197.84/day from March 15, 2024 until the award date, $420,000 in attorneys’ fees, and $5,285 as a discovery sanction.
FINRA Case No. 14-02830 alleging breach of contract, unsuitability, misrepresentation, negligence, negligent supervision, and fraud (E1 Asset Management) was settled for $21,000 paid.
A written complaint alleging misrepresentation and unsuitable recommendations (E1 Asset Management; 2006–2008 period) as settled for $7,500 in 2015.
Personal Bankruptcy. Grimaldi filed Chapter 7 bankruptcy in May 2024
Allegations of Broker Misconduct Against Shaun Joseph Grimaldi
- Unsuitability
- Breach of Fiduciary Duty / Failure to act in the customer’s best interest — frequently evaluated alongside Reg BI’s care and disclosure obligations in retail accounts.
- Fraud / Misrepresentation or Omission of Material Facts
- Negligence
- Breach of Contract & Related Legal
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Shaun Joseph Grimaldi, 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.