Shane Appelbaum At Center Of HJ Sims Investor Dispute About Unsuitable Private Placements

Investors potentially experienced sales practice violations due to securities broker Shane Appelbaum [CRD: 4772668, Boca Raton, Florida], based on disclosures on FINRA BrokerCheck. Specifically, Appelbaum has worked for Herbert J. Sims Co. Inc. since March 23, 2004, and also with Herbert J. Sims Capital Management Inc. since March 8, 2017. Read on to learn more about Appelbaum’s disclosures and the nature of these investor disputes.

Herbert J. Sims Co. Investor Accused Appelbaum Of Poor Performance

Notably, on May 22, 2024, a Herbert J. Sims Co. Inc. client filed FINRA Arbitration No. 24-01117 about Shane Appelbaum. The client alleged that Appelbaum recommended private placements from 2010 to 2020 that unperformed. As a result, the client requested up to $3,000,000 in compensation from Herbert J. Sims Co. Inc. or Appelbaum. This arbitration is pending a resolution.

Shane Appelbaum Disclosed Unsuitable Recommendations Allegations By HJ Sims Client

Particularly, a client of HJ Sims Inc. contested Shane Appelbaum’s sales practices, according to a complaint dated February 20, 2020. Allegedly, Appelbaum made unsuitable recommendations involving CDs. It appears that Appelbaum allegedly caused the client to sustain damages. For this reason, the client sought compensation from HJ Sims Inc. or Appelbaum in the amount of $86,864.90 in this matter. However, this matter closed without a resolution.

Did You Sustain Losses Because Of Securities Broker Appelbaum?

Are you concerned regarding investments you made with Shane Appelbaum? If so, contact Soreide Law Group at (888) 760-6552 or online and talk to a securities lawyer regarding recovering your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the USA. The firm also takes cases on a contingency fee basis and advances all costs. Appelbaum and brokerage firms Appelbaum worked for deny accusations referenced in public disclosures.