DID RICHARD S SIMINOU CAUSE YOU INVESTMENT LOSSES?
Richard Siminou Formerly With Kingswood Capital Partners, LLC and Benchmark Investments, LLC Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Richard Siminou formerly with Kingswood Capital Partners, LLC?
Richard Siminou (CRD #5605796) who was formerly registered with Kingswood Capital Partners, LLC and located in New York, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Kingswood Capital Partners, LLC, Richard Siminou was associated with Benchmark Investments, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Richard Siminou has had his own regulatory problems. In 2023, he consented to the sanctions and the entry of findings that the excessively and unsuitably traded to elderly customer’s accounts. FINRA suspended him for 4 months, find him $5000 and ordered him to pay $17,021 in commissions and fees as restitution to the customers.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Richard Siminou Customer Complaints
Richard Siminou has been the subject of 3 customer complaints that we know about seeking to recover investment losses. One FINRA arbitration proceeding was settled by a Newbridge Securities Corporation in favor of the investor. The same brokerage firm denied another customer complaint and the investor did not take any further action. Another FINRA arbitration proceeding was recently filed against Newbridge Securities Corporation for Richard Siminou’s alleged misconduct and is still pending.
Allegations Against Richard Siminou
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Suitability, failure to supervise and negligence.
- Poor performance.
- Improper investment recommendations, failure to perform due diligence, unsuitable investment recommendations, negligence, and failure to supervise.
Richard Siminou Red Flags & Your Rights As An Investor
Of course, Richard Siminou did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Richard Siminou at Kingswood Capital Partners, LLC and Benchmark Investments, LLC on alert to review carefully the activity and performance of their accounts and question whether Richard Siminou has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Kingswood Capital Partners, LLC and Benchmark Investments, LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Kingswood Capital Partners, LLC Due To Richard Siminou
If you have questions about Kingswood Capital Partners, LLC, Benchmark Investments, LLC and/or Richard Siminou and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
Rate this Post
Loading...