According to the Financial Industry Regulatory Authority (“FINRA”), clients of securities broker Alex Shvartsman (CRD#: 3017804, Sayville, New York) filed formal complaints or arbitrations about him. Apparently, Shvartsman became a TD Ameritrade securities broker effective February 2018, and also worked at firms including Scottrade, Newbridge Securities Corporation, and Glenn Michael Financial. Here is a brief summary of clients’ claims suggesting that Shvartsman engaged in bad sales practices.
TD Ameritrade Client Suggests Alex Shvartsman Gave Unsuitable Advice
A client of TD Ameritrade contested Alex Shvartsman’s sales practices by bringing a FINRA Arbitration #: 19-01867 on July 2, 2019. Allegedly, Shvartsman unreasonably advised the client to purchase or otherwise retain investments in the client’s account. It appears that by following Shvartsman’s advice, the client experienced losses. For this reason, the client has alleged $1,700,000 in losses. Although the client’s allegations of Shvartsman’s bad stock advice may be true, this claim is unresolved.
Investors File Complaints About Shvartsman Failing To Execute Client Sell Orders
Previously, Alex Shvartsman was a securities broker for Glenn Michael Financial. Allegedly, two clients of his at that firm sustained losses purportedly because of his actions or inactions. These clients suggested that Shvartsman engaged in unauthorized trading or otherwise failed to trade according to their explicit instructions. Apparently, the securities broker did not sell investments after clients requested it. However, these matters closed with no action.
Did Alex Shvartsman Recommend Unsuitable Investments To You?
Have you experienced losses by investing with Alex Shvartsman? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.