Last Updated: September 2023 (Garden City, NY)
Steven Shmulewitz Investigation Summary
Here’s what you need to know about Garden City, NY, stockbroker Steven Shmulewitz:
- Name: Mr. Steven Joel Shmulewitz
- Current Employer: Craft Capital Management
- Previous Firms: Woodstock Financial Group, Fin-Atlantic Securities, VIR Capital
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: Garden City, New York
- CRD 2383881
- Can Steven Shmulewitz be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement: $129,000
Did You Lose Money With Steven Shmulewitz As Your Stockbroker?
Steven Shmulewitz has 10 customer disputes on his CRD. Most recently, in 12/2016, a customer of Craft Capital Management was paid $30,000 to resolve allegations that Shmulewitz failed to enter stop loss orders in their accounts during October 2016. Shmulewitz paid the entire amount individually.
IN 6/2016 a customer of Woodstock Financial Group was paid $52,800, all paid by Shmulewitz, to resolve allegations that he used margin borrowing in the customer’s account without authority.
IN 1/2026 a customer of Woodstock Financial Group was paid $129,000 to resolve allegations that Shmulewitz traded the account excessively, made unsuitable recommendations, committed fraud and breached his fiduciary duty.
Allegations of Broker Misconduct Against Steven Shmulewitz
Customers of Steven Shmulewitz have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Account churning
- Breach of fiduciary duty
- Unauthorized use of margin
- Failed to enter stop loss orders
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 Steven Shmulewitz, contact us for a complimentary consultation with an experience 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.