John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Avi Elliot Schottenstein (CRD: 5708665, New York, New York). Not only has Illinois moved for sanctions against Schottenstein, but one or more investors disputed the sales practices of the securities broker. However, Schottenstein denies the allegations. Read on to learn more about the allegations against Schottenstein.
Evidently, on May 4, 2021, Illinois Securities Department issued Case No. 2100123 seeking sanctions against Avi Schottenstein for infractions. However, Schottenstein was able to resolve this matter through affidavit. The Illinois Securities Department issued an Order of Dismissal on April 22, 2022, after seeking prohibition and revocation of Schottenstein’s licensure.
Also, a JP Morgan Securities LLC client filed FINRA Arbitration: 19-02053 about Avi Schottenstein. Namely, the client alleged that Schottenstein breached a fiduciary duty, made omissions, made misrepresentations, and engaged in unauthorized trading. Because of this, the client allegedly sustained damages on structured notes and other investments. Therefore, on February 5, 2021, a FINRA Arbitration Panel ordered Schottenstein to pay the client $602,251.00 in damages. Notably, the panel found Schottenstein liable for fraudulent misrepresentations and omissions and for abuse of fiduciary duty.
Have you experienced losses due to Avi Schottenstein? If so, get in touch with Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has successfully recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Schottenstein and investment firms Schottenstein worked for deny any and all allegations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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