Soreide Law Group is reviewing possible investor claims against securities broker Kurt Stein (CRD#: 3159180, New York, New York). Notably, the Financial Industry Regulatory Authority (“FINRA”) reports that two of Stein’s clients at Merrill Lynch and National Securities Corporation contested his sales practices. These disputes suggest that Stein misrepresented investments and was responsible for his clients’ losses.
National Securities Corp Client Alleges That Kurt Stein Misrepresented Direct Investments
Apparently, Kurt Stein worked for National Securities Corporation from 2018 to 2019. Evidently, a client of National Securities Corp disputed Stein’s sales practices through bringing FINRA Arbitration #: 19-03502 on December 10, 2019. Namely, the customer’s dispute concerned allegations of Stein misrepresenting direct investments. It is possible that Stein made a false or misleading statement or otherwise misled the customer. It appears that the client sustained $35,000 in losses because of Stein’s actions. However, Stein denies the client’s allegations of misrepresentation in this ongoing matter.
Merrill Lynch Client Alleges Stein Misrepresented CDOs
BrokerCheck shows that Kurt Stein worked for Merrill Lynch from 2001 to 2018. Apparently, a Merrill Lynch client contested Stein’s actions through bringing FINRA Arbitration #: 10-03697. Similar to the National Securities Corp client, this Merrill Lynch client suggested that Stein misrepresented investment information. Supposedly, the client acted on false or misleading information about CDOs, and sustained losses after buying those investments. For this reason, Merrill Lynch opted to compensate this client to the tune of $128,250.
Losses From Kurt Stein?
Did you happen to suffer losses because of Kurt Stein? 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.