Seth Stewart Discloses Center Street Client Disputes

Soreide Law Group is actively investigating potential claims on behalf of investors who may have sustained financial losses due to the actions of Seth Barnes Stewart, a previously registered broker and investment adviser [CRD: 5467292, Jefferson, Indiana]. Specifically, Stewart was affiliated with Center Street Securities Inc. from February 17, 2012, to November 18, 2020, and was based in Jeffersonville, Indiana. Evidently, Stewart has faced numerous FINRA arbitration claims accusing him of recommending unsuitable investments in various asset classes such as corporate debt and real estate securities. These allegations span from 2021 to 2023 and have resulted in settlements and ongoing cases.

Seth Stewart Disclosed Suitability Allegations By Center Street Securities Inc. Client

Evidently, a client of Center Street Securities Inc. contested Seth Stewart's sales practices by filing FINRA Arbitration #: 23-01681 on June 22, 2023. Allegedly, Stewart recommended an unsuitable investment in corporate debt. It appears that Stewart caused the client to sustain damages. Therefore, the client seeks compensatory relief from Center Street Securities Inc. or Stewart in the amount of $41,000 in this ongoing matter.

Seth Stewart Disclosed Unsuitable Investment Allegations By Center Street Securities Inc. Client

Also, a client of Center Street Securities Inc. has raised issues about Seth Stewart through FINRA Arbitration: 23-01587 on June 8, 2023. In this instance, the client alleged that Stewart recommended an unsuitable investment related to real estate security. Consequently, the client is pursuing damages of $50,000 from either Center Street Securities Inc. or Stewart. This case is also pending resolution.

Center Street Securities Inc. Investor Accused Seth Stewart Of Improper Advice

Notably, a complaint was filed by a client of Center Street Securities Inc. under FINRA Arbitration #: 22-01354 concerning Seth Stewart. This case was initiated on June 16, 2022, where the client alleged that Stewart advised them to invest in unsuitable alternative investments. As a result of this advice, the client claimed to have suffered damages. On August 30, 2023, Center Street Securities Inc. settled the matter by compensating the client with $9,000 in damages. It should be noted that Stewart did not personally contribute to the settlement amount.

Seth Stewart Disclosed Suitability Allegations By Different Center Street Securities Inc. Client

Evidently, a client of Center Street Securities Inc. challenged Seth Stewart's sales practices by filing a FINRA Arbitration #: 22-01151. Allegedly, Stewart provided unsuitable advice. It appears that his recommendations led the client to incur damages on alternative investments. Therefore, Center Street Securities Inc. chose to settle the matter on June 30, 2023, compensating the client in the amount of $47,500.

Center Street Securities Inc. Investor Accused Seth Stewart Of Recommending Illiquid And High-Risk Investments

Evidently, a client of Center Street Securities Inc. filed FINRA Arbitration case number 22-00118 against Seth Stewart. The client alleged that Stewart advised them to engage in investments that were illiquid, unsuitable, high-risk. As a result of following this advice, the client reportedly sustained damages on alternative investments. Therefore, on January 25, 2023, a FINRA Arbitration Panel issued an award to the client for $130,000 in damages.

Seth Stewart Disclosed Allegations By Center Street Securities Inc. Client

Evidently, a client of Center Street Securities Inc. contested Seth Stewart’s sales practices by filing a FINRA Arbitration #:  20-00577. The client alleged that Stewart recommended inappropriate alternative investments. Because of this, FINRA Arbitrators issued an award dated October 27, 2021, for $35,000 in compensation.

Take Action If You've Incurred Losses Due To Seth Stewart

Did you experience losses because of Seth Stewart? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Stewart and brokerage firms he worked for deny accusations of sales practice violations. Specifically, if you have dealt with Stewart, particularly during his time at Center Street Securities Inc., you may have legal options to explore for possible financial recovery.