Stacy Goldsmith Facing Herbert J. Smith Client Disputes

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Stacy Mari Goldsmith [CRD: 1416323, Red Bank, New Jersey], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Stacy Goldsmith worked for Hebert J. Sims Co Inc. from February 22, 2012, and for Herbert J. Sims Capital Management Inc. since February 14, 2020, both located in Red Bank, NJ. Keep reading to learn more about the specific allegations and disclosures associated with Goldsmith’s activities.

Hebert J. Sims Co Inc. Investor Accused Goldsmith Of Unsuitable Investment Recommendations

Specifically, on December 12, 2023, a client of Hebert J. Sims Co Inc. filed FINRA Arbitration No. 23-03458 about Stacy Goldsmith. Supposedly, Goldsmith made recommendations that were not in the best interest of the client. Because of this, the client allegedly sustained damages on private placements. Consequently, the client requested $150,000 in compensation from Hebert J. Sims Co Inc. or Goldsmith. Evidently, this arbitration is pending a resolution.

Investor Accused Stacy Goldsmith Of Unsuitable Advice

Notably, a client of Hebert J. Sims Co Inc. contested Stacy Goldsmith’s sales practices by filing FINRA Arbitration No. 22-02340. Allegedly, Goldsmith made recommendations regarding two investments purchased in 2014 and 2015, which were allegedly unsuitable. It appears that Goldsmith allegedly caused the client to sustain damages on private placements. Therefore, Hebert J. Sims Co Inc. opted to settle the matter on April 15, 2023, by compensating the client in the amount of $7,500.

Hebert J. Sims Co Inc. Investor Accused Goldsmith Of Bad Private Placements

Also, on April 18, 2022, a Hebert J. Sims Co Inc. client filed FINRA Arbitration No. 22-00802 about Stacy Goldsmith. Supposedly, Goldsmith made unsuitable investment recommendations. Therefore, the client requested $95,000 in compensation from Hebert J. Sims Co Inc. or Goldsmith. Evidently, this arbitration is pending a resolution.

Stacy Goldsmith Disclosed Unsuitable Recommendations Allegations By Investors

Particularly, a client of Hebert J. Sims Co Inc. contested Stacy Goldsmith's sales practices by filing FINRA Arbitration No. 22-00749. Allegedly, Goldsmith made inappropriate recommendations in private placements. Because of this, Hebert J. Sims Co Inc. opted to settle the matter on April 22, 2024, by compensating the client in the amount of $95,000.

Seek Recovery For Your Investment Losses

Have you sustained losses because of Stacy Goldsmith? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors across the country, works on a contingency fee basis, and advances all costs. Goldsmith and the brokerage firms she worked for deny any allegations of sales practice violations.