Stacy Goldsmith, with Herbert J. Sims & Company, Subject of Two Customer Complaints

RED BANK, NEW JERSEY

Are you a current or former client of advisor Stacy Goldsmith? The investment fraud law firm of Israels & Neuman is looking into allegations made against Stacy Goldsmith, who has worked with Herbert J. Sims since 2012. Two customer complaints, both filed in April 2022, allege that Goldsmith made unsuitable recommendations to invest in private placements, according to BrokerCheck. There were combined losses of $395,000 alleged.

Stacy Goldsmith worked in an office in Red Bank, New Jersey while working for Herbert J. Sims & Company from February 2012 to the present. Goldsmith did not have any customer complaints prior to the two mentioned above.

FINRA Rule 2111 provides that financial advisors must make suitable investment recommendations to customers. FINRA Rule 3110 provides that securities brokerage firms like Herbert J. Sims & Company have duties to adequately supervise the conduct of their advisors. If brokerage firms fail to do so, they may be liable to investors for financial losses.

Our law firm regularly represents investors against brokerage firms in FINRA arbitration. We represent investors throughout the country, including investors in New Jersey and New York.

View BrokerCheck Report: Goldsmith, s BrokerCheck 5.4.22

If you lost money with Stacy Goldsmith or Herbert J. Sims & Company, please Contact Us at 720-599-3505 for a free evaluation of your case.