Shaun Paul Golden-Former NEXT Financial Group Broker Sanctioned by Regulators

Shaun Paul Golden-Former NEXT Financial Group Broker Sanctioned by Regulators 150 150 Robert Rex, Esq.

UPDATE FEBRUARY 2017-RIverhead, New York

In February 2017 the Florida Office of Financial Regulation entered a Final Order against Shaun Paul Golden permanently barring him from applying for registration.  Case# 68851-S

His official FINRA record discloses 1 pending and 11 prior final customer disputes.

In pending FINRA arbitration 13-0341, a customer of NEXT Financial Group alleges damages of $250,000 for unsuitable investments in variable annuities, excessive trading and churning, misrepresentation, breach of fiduciary duty and negligence.

In FINRA Case 12-01562, a customer of NEXT Financial Group alleged damages of $1.1 million resulting from unsuitable investments in oil and gas and real estate investment trusts (REITs). That case was settled for $125,000.

ORIGINAL POST JUNE 2015– Rex Securities Law is investigating former broker Shaun Paul Golden on behalf of a semi retired individual who alleges Golden recommended the purchase of certain unsuitable investments.

According to FINRA records, Golden has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.  His FINRA CRD reveals numerous disclosures, including 5 customer complaints, an internal review, 3 terminations from employment, a regulatory action and an internal review.

His recent registration history, according to FINRA, is as follows:

  • 1/2011-5/2011              Sterne Agee Financial Services -discharged for “failure to follow firm’s policies and procedures as to information provided on the representatives compliance questionnaire”
  • 4/10/2007-1/4/2011   NEXT Financial Group– discharged- “The firm has reasonably determined that paperwork submitted for three variable annuity transactions was misleading”
  • 6/15/2001-4/102007    A.G. Edwards-left voluntarily
  • 2/2/1998-5/4/2001      Merrill Lynch– discharged “Mr. Golden was terminated after the firm learned a client alleged he exercised discretion in their account”

If you have information you believe would be helpful in this investigation, please contact us. If you have losses in an account handled by Golden, call to learn how you may be entitled to collect damages from his former employing firm.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

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