Last Updated: November 2023 (Jeffersonville, IN)
Seth Stewart Investigation Summary
Here’s what you need to know about Jeffersonville, IN, stockbroker Seth Stewart:
- Name: Mr. Seth Barnes Stewart
- Current Employer: Not currently registered with FINRA
- Previous Firms: Center Street Securities, American Equity Investment Corp.
- Function: Stock Broker/ Financial Advisor
- Aliases: Seth Stewart
- Primary Location: Jeffersonville, IN
- CRD 5467292
- Can Seth Stewart be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $130.000
- Pending Customer Dispute Seeks Damages of $41,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Seth Stewart As Your Stockbroker?
Seth Stewart has settled 3 cases with customers of Center Street Securities who alleged that recommendations to invest in alternative investments were not suitable. In two instances customers of Center Street Securities were granted damages in cases involving alternative investments.
In 6/2023 a customer of Center Street Securities filed a FINRA arbitration alleging that Steward made an unsuitable recommendation. Damages are alleged to be $41,000 in this currently pending matter.
Allegations of Broker Misconduct Against Seth Stewart
Customers of Seth Stewart have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations to invest in alternative investments
- Unsuitable Investment Recommendations to invest in illiquid and high risk products
- Failed to advise that investments were illiquid
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.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Seth Stewart, 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.
