Investors might have sustained losses because of securities broker Stefan Ara Shimshidian [CRD: 3043669, White Plains, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Shimshidian joined Cabot Lodge Securities LLC on June 29, 2013. Continue reading to learn more about Shimshidian's disclosures.
Also, on July 13, 2023, a Cabot Lodge Securities LLC client filed FINRA Arbitration: 23-01977 about Stefan Shimshidian. Notably, the claim alleged negligence and negligent misrepresentation, breach of fiduciary duty, failure to supervise, breach of contract, and violation of Regulation Best Interest regarding their investment in private placements. Because of this, the client allegedly sustained damages. Consequently, the client requested $171,500 in compensation from Cabot Lodge Securities LLC or Shimshidian. Evidently, this arbitration is pending a resolution.
Particularly, a client of Cabot Lodge Securities LLC contested Stefan Shimshidian’s sales practices by filing FINRA Arbitration: 22-01928. Notably, the claim alleged breach of contract, violations of federal and state securities laws, breach of fiduciary duty, and gross negligence with regards to investment in GWG L-bonds. It appears that Shimshidian caused the client to sustain damages on private placements. For this reason, Cabot Lodge Securities LLC opted to settle the matter on November 16, 2023, by compensating the client in the amount of $134,820.
Did you experience losses because of Stefan Shimshidian? 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. Shimshidian and brokerage firms Cabot Lodge Securities LLC deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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