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SHAUN GRIMALDI of E1 Asset Management Subject of COMPLAINTS
Shaun Grimaldi, with E1 Asset Management, Subject of Numerous Customer Complaints
JERSEY CITY, NEW JERSEY
Are you a current or former customer of financial advisor Shaun Grimaldi from Jersey City, New Jersey? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made against Shaun Grimaldi, who has worked with E1 Asset Management since 2003. FINRA’s BrokerCheck shows that Mr. Grimaldi is the subject of two complaints filed against E1 Asset Management since May 2023.
FINRA’s BrokerCheck reveals that a May 2023 complaint alleges that claims related to options, over-the-counter (OTC) stocks, and listed stocks, allegedly causing $4 million in damages. A June 2023 complaint was brought by the beneficiary of a now-deceased customer’s account, alleging mismanagement of the account. The complaints are still pending.
Shaun Grimaldi worked in an office in Jersey City, New Jersey while working for E1 Asset Management from 2003 to the present. Grimaldi was also previously the subject of three other complaints between 2011 and 2015.
As an associated person of a FINRA member, Shaun Grimaldi has an obligation to abide by FINRA Rules. As an example, FINRA Rule 2111 provides that financial advisors’ recommendations to their customers must be suitable in light of the investors’ age, risk tolerance, investment objectives, and other factors. A failure to make suitable recommendations could result in financial liability for the advisor and/or brokerage firm.
Israels & Neuman regularly represents investors against brokerage firms in FINRA arbitration. We represent investors throughout the country, including investors in New Jersey and New York.
View Grimaldi, s BrokerCheck 7.10.23