DID SHAUN JOSEPH GRIMALDI CAUSE YOU INVESTMENT LOSSES?
Shaun Grimaldi Of J.H. Darbie & Co., Inc. and formerly with E1 Asset Management, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct
About Shaun Grimaldi of J.H. Darbie & Co., Inc.?
Shaun Grimaldi (CRD #4529021) is currently employed and registered with J.H. Darbie & Co., Inc. in New York, New York, starting from May 2024. His career in the securities industry includes previous registrations with firms such as E1 Asset Management, Inc. and PHD Capital. Grimaldi is registered with two Self-Regulatory Organizations and is licensed in two U.S. states and territories. He has successfully completed one principal/supervisory exam, two general industry/product exams, and one state securities law exam. Grimaldi’s experience spans over two decades, indicating a substantial tenure in financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Shaun Grimaldi Customer Complaints and Reviews
Shaun Joseph Grimaldi has a history of disclosure events, including:
- Customer Disputes (5 incidents):
- Final Award/Judgment: Grimaldi was involved in a major arbitration that concluded with him being held liable for a significant sum. The complaint included severe allegations like securities fraud and breach of fiduciary duties, resulting in an award of over $1.6 million in damages to the claimant (Arbitration Case #23-00643).
- Settled Disputes (2 instances): One complaint from 2006-2008 involved misrepresentation and unsuitable investment recommendations, settled for $7,500. Another from 2011-2013 involved various charges like breach of contract and fraud, settled for $21,000.
- Closed-No Action: A complaint from 2007 about an unsuitable recommendation was closed with no action after the client raised concerns following a class action notification.
- Pending: A recent claim by a beneficiary alleges mismanagement of funds; however, details on the final outcome are not yet available.
- Financial (1 incident):
- Bankruptcy Filing: Grimaldi filed for Chapter 7 bankruptcy in May 2024, which is currently pending (Case #24-14547-MBK).
Allegations Against Shaun Grimaldi
- Securities Fraud, Common Law Fraud, Negligence, and Breach of Duties: These allegations formed part of a complex customer dispute that led to an arbitration award against Grimaldi.
- Misrepresentation and Unsuitable Investment Recommendations: These are common themes in multiple disputes, where clients claimed losses due to inappropriate advice.
- Breach of Contract, Negligence, Negligent Supervision, and Fraud: Additional accusations in another settled case, reflecting ongoing concerns about Grimaldi’s practices over several years.
- Mismanagement of Funds: The latest claim involves allegations of mismanagement of an inherited account, reflecting serious trust issues from clients.
Shaun Grimaldi Red Flags & Your Rights As An Investor
Of course, Shaun Grimaldi 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 Shaun Grimaldi at J.H. Darbie & Co., Inc. and on alert to review carefully the activity and performance of their accounts E1 Asset Management, Inc. and question whether Shaun Grimaldi has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at J.H. Darbie & Co., Inc. and E1 Asset Management, Inc. 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 J.H. Darbie & Co., Inc. Due To Shaun Grimaldi
If you have questions about J.H. Darbie & Co., Inc., E1 Asset Management, Inc. and/or Shaun Grimaldi 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.
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