Last Updated: January 2024 (Jersey City, NJ)
Shaun Stein Investigation Summary
Here’s what you need to know about Jersey City, NJ, stockbroker Shaun Stein:
- Name: MR. Shaun Evan Stein
- Current Employer: B. Riley Wealth Management
- DBA: Hudsonpoint Capital
- Previous Firms: National Securities Corp. , Meyers Associates, Alexander Capital
- Function: Stock Broker/ Financial Advisor
- Aliases: Shaun Stein
- Primary Location: Jersey City, NJ
- CRD 4873578
- Can Shaun Stein be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $25,000
- Pending Customer Dispute Seeks Damages of $722,528
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Shaun Stein As Your Stockbroker?
Shaun Stein discloses settlement of two customer complaints involving private placement investments in 2021. One case was settled for $20,000 and the other for $25,000.
In 12/2023 a customer of National Securities Corp. filed a FINRA arbitration alleging that Stein caused excessive trading losses. Damages of $722,528 are sought in this pending matter.
See this for more information on REITs and Other Alternative Investments
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. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Shaun Stein
Customers of Shaun Stein have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in private placements
- Excessive trading losses
What is Excessive Trading (Churning)?
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
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
Investigations of other National Securities Corp. brokers
If you have suffered investment losses in an account handled by Shaun Stein, 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.
