Investors potentially experienced sales practice violations by securities broker Sean Hosein (also known as Sean Sherwin) [CRD: 4164630, New York, New York], given the public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hosein worked for National Securities Corporation from March 15, 2013, to May 19, 2022, and has been registered with PHX Financial Inc. since May 18, 2022. Keep reading to find out more about disclosures involving this securities broker.
National Securities Investor Accused Sean Hosein Of Unsuitable Recommendations And Excessive Commissions
Particularly, a National Securities Corporation client filed FINRA Arbitration No. 23-00601 about Sean Hosein. Mainly, the client alleged that Hosein made unsuitable recommendations involving pre-IPO alternative investments. According to the claim, the securities broker also generated excessive commissions from 2016 through 2022. Because of this, the client allegedly incurred damages tied to those alternative investments. As a result, on March 26, 2025, National Securities Corporation settled this matter by paying the client $1,250,000.
What Is Unsuitable Advice Involving Pre-IPO Alternative Investments?
Pre-IPO alternative investments generally involve investments in private companies before they become publicly traded. Securities brokers and financial advisors must have a reasonable basis for recommending these investments based on a client's objectives, risk tolerance, financial condition, and investment experience. Unsuitable advice may occur when a recommendation exposes a client to risks, illiquidity, or costs that are inconsistent with the client's profile or investment goals.
Have You Made Investments Through Securities Broker / Financial Advisor Hosein?
Do you have concerns or questions regarding investments you made with Sean Hosein? Get in touch with Soreide Law Group at (888) 760-6552 or online and speak to a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities lawyers work on a contingency fee basis and advance all costs. Hosein and brokerage firms Hosein worked for deny allegations of sales practice violations.
