Investors might have received losses due to securities broker Shane Alexander Appelbaum [CRD: 4772668, Boca Raton, Florida], according to disclosures on FINRA BrokerCheck. According to the regulator, Appelbaum has worked for Herbert J. Sims Co. Inc. since March 23, 2004, and Herbert J. Sims Capital Management Inc. since March 8, 2017. Read on to learn more about the disclosures concerning Appelbaum.
Particularly, on May 28, 2024, a Herbert J. Sims Co. Inc. client filed FINRA Arbitration No. 24-01117 about Shane Appelbaum. The client alleged that Appelbaum made misrepresentations of material fact regarding private placements. Because of this, the client allegedly sustained damages. Therefore, the client requested between $1,000,000 and $3,000,000 in compensation from Herbert J. Sims Co. Inc. or Appelbaum. Evidently, this arbitration is pending a resolution.
Also, a client of Herbert J. Sims Co. Inc. contested Shane Appelbaum’s sales practices, according to a complaint dated February 20, 2020. Allegedly, Appelbaum made unsuitable recommendations regarding a Bank of America CD purchased in October 2014 and a $240,000 Citibank CD purchased in January 2014. It appears that Appelbaum allegedly caused the client to sustain damages. Therefore, the client sought damages from Herbert J. Sims Co. Inc. or Appelbaum in the amount of $86,864.90 in this matter. This complaint has since been closed with no action taken as of May 27, 2021.
Are you looking for more information about Shane Appelbaum? If you incurred losses, contact Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney concerning a possible recovery. Soreide Law Group has recovered losses for investors throughout the country, represents clients on a contingency fee basis, and advances all costs. Appelbaum and brokerage firms Appelbaum worked for deny any allegations of sales practice violations.
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Investors have reportedly disputed the sales practices of securities broker John Howard Saunders [CRD: 870131, Vero Beach, Florida], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Saunders has been registered with UBS Financial Services Inc. since May 11, 2007, operating from both Vero Beach, Florida, and Roanoke, Virginia. Read on to discover […]
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