DID SHIMSHON PLOTKIN CAUSE YOU INVESTMENT LOSSES?
Shimshon Plotkin Of Independent Financial Group, LLC Has 11 Customer Complaints For Alleged Broker Misconduct
Who is Shimshon Plotkin of Independent Financial Group, LLC?
Shimshon Plotkin (CRD #2431863) who is currently registered as a broker and investment adviser with Independent Financial Group, LLC and located in Chevy Chase, Maryland, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Independent Financial Group, LLC, Shimshon Plotkin was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Shimshon Plotkin Customer Complaints
Shimshon Plotkin has been the subject of 11 customer complaints that we know about seeking to recover investment losses. Two of the customer complaints resulted in arbitration awards against Royal Alliance Associates in favor of the investors. Four of the customer complaints were settled by Shimshon Plotkin’s employers in favor of investors. Another 3 customer complaints were denied by the adviser’s former employers and the investors took no further action. There are currently 2 FINRA arbitration proceedings pending against the Independent Financial Group for the registered representatives alleged misconduct.
Allegations Against Shimshon Plotkin
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Unsuitable investment recommendations.
- Poor performance of unsuitable non-traded REIT investment.
- Overconcentration of technology securities and portfolio.
- Misrepresentations and unsuitable recommendations involving mutual funds.
- Mismanagement, nondisclosure, breach of fiduciary duty and conflict of interest.
- Unsuitable mutual fund portfolio.
- Negligence, misrepresentations, breach of contract, breach of fiduciary duty, unsuitable investments involving rates and other direct participation programs.
- Overconcentration and alternative investments.
Shimshon Plotkin Red Flags & Your Rights As An Investor
Of course, Shimshon Plotkin 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 Shimshon Plotkin at Independent Financial Group, LLC on alert to review carefully the activity and performance of their accounts and question whether Shimshon Plotkin has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Independent Financial Group, LLC also raises questions about the brokerage firm’s 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 Independent Financial Group, LLC Due To Shimshon Plotkin
If you have questions about Independent Financial Group, LLC and/or Shimshon Plotkin 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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