Stu Godin Terminated From Western International

Western International Terminates Broker Stu Godin For Borrowing

The investment loss lawyers at Soreide Law Group provide you this investor alert in regard to securities broker Stuart M. Godin (CRD#: 223476, Los Angeles, California). Notably, Stu Godin worked for securities firms including RBC Capital Markets (2006 to 2016), Financial West Group (2016 to 2017) and Western International Securities Inc. (2017 to 2020). Evidently, Western International Securities just disaffiliated with Godin, and 8 of his clients brought disputes about his actions. Here’s a summary of these disclosures.

Western International Securities disaffiliates with Stu Godin

Notably, on April 6, 2020, securities firm Western International Securities discharged Stu Godin. Notably, the securities firm indicated that Godin borrowed from a client. Typically, borrowing from clients is forbidden under most securities firms’ policies and FINRA rules unless in limited circumstances. Securities brokers who violate FINRA rules can face sanctions including fines and suspensions. It is unclear whether Godin will face a FINRA disciplinary action.

Godin Supposedly Misrepresented Information Relating To Client’s Stock Transactions

A client of Western International Securities took aim at Stu Godin on May 17, 2019. First of all, the client suggested that the broker made inaccurate or misleading representations concerning stocks which the client invested in between 2018 and 2019. Secondly, the client alleged that Godin was not competent regarding stock selections. Evidently, to settle this matter, Western International Securities paid the client $9,000.

RBC Capital Markets Client Files Dispute About Stu Godin

Also, a client of RBC Capital Markets took aim at Stu Godin in a 2018 FINRA Arbitration Action. Namely, the client indicated that Godin made unsuitable recommendations when he was the client’s financial advisor. It seems that Godin told the client to invest in a managed futures fund which was not profitable or sensible for the client. For losses sustained on the client’s 2012-2016 futures commodity holdings, the client received a $20,000 payment via settlement.
FINRA BrokerCheck shows that all investor disputes brought against Stu Godin have settled or otherwise resulted in an arbitration award or judgement. Nevertheless, Godin denies all allegations of his misconduct.

Losses Because Of Godin?

Have you experienced losses because of securities broker Stu Godin? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to the misconduct of financial advisors and securities brokers.