DID STEWART GINN CAUSE YOU INVESTMENT LOSSES?
Stewart Ginn Of Independent Financial Group, LLC Has 6 Customer Complaints For Alleged Broker Misconduct
About Stewart Ginn of Independent Financial Group, LLC?
Stewart Ginn (CRD #4503197) is currently employed by Independent Financial Group, LLC, in Santa Maria, California, where he has been registered since September 3, 2015. He is licensed in 37 U.S. states and territories and has passed two general industry/product exams (Securities Industry Essentials Examination and General Securities Representative Examination) and one multi-state securities law exam (Uniform Securities Agent State Law Examination). Ginn has previously worked with several other firms, including Navian Capital Securities LLC, Newbridge Securities Corporation, and Chicago Investment Group, LLC.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Stewart Ginn Customer Complaints and Reviews
Stewart Ginn’s professional record contains several disclosures:
- Regulatory Events (1 incident):
- Pending action initiated by FINRA on October 17, 2023, alleging churning and excessive trading that resulted in significant losses for clients while generating substantial commissions.
- Customer Disputes (6 incidents):
- Settled Disputes: Including a case settled for $700,000 where the client alleged unsuitable investments based on age, with the settlement finalizing on May 23, 2024.
- Pending Disputes: Includes a current claim involving allegations of excessive commissions and unsuitable investments with a potential liability of up to $1,618,000.
Allegations Against Stewart Ginn
- Regulatory Accusations:
- Accused by FINRA of churning and excessively trading customer accounts, leading to significant customer losses and generating high commissions, which violated multiple securities laws.
- Customer Complaint Allegations:
- Allegations include unsuitable investment recommendations based on clients’ ages and risk profiles, excessive trading to generate commissions, and failure to manage investments in the clients’ best interests.
- Details of Settled and Pending Disputes:
- Cases often involve high settlement amounts, with claims focusing on the unsuitability of the aggressive trading strategies employed and the high commissions charged, which were not aligned with the financial objectives of the clients.
Stewart Ginn Red Flags & Your Rights As An Investor
Of course, Stewart Ginn 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 Stewart Ginn at Independent Financial Group, LLC on alert to review carefully the activity and performance of their accounts and question whether Stewart Ginn 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 Stewart Ginn
If you have questions about Independent Financial Group, LLC and/or Stewart Ginn 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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