Stewart Ginn, with Independent Financial Group, Under FINRA Investigation

ENCINITAS, CALIFORNIA Did you lose money with financial advisor Stewart Ginn, who works with Independent Financial Group in Encinitas, California? The securities and investment fraud law firm of Israels & Neuman is looking into allegations made against Stewart Ginn. According to FINRA’s Disciplinary Database, FINRA has initiated an investigation into whether Ginn was excessively trading or churning customers’ account, making unsuitable investment recommendations, and violating Regulation Best Interest.

FINRA provided notice of its investigation in March 2023. Ginn was also the subject of a customer complaint that was made in March 2023, alleging that the client was subject to excessive commission charges in over-the-counter (OTC) stocks. The losses in the OTC stocks were allegedly $120,000.

Stewart Ginn has been with Independent Financial Group since August 2015. Ginn worked in Encinitas, California. Ginn was also the subject of two other customer complaints, one made in 2022 which is still pending, and another complaint made in 2007 that was denied by his former firm. Ginn also runs Paxton Financial Services.

FINRA Rule 2111 states that advisors must provide suitable investment recommendations. Rule 2111 further provides that stock trades must be quantitatively suitable – that trades, taken together, are proper for a customer.

Israels & Neuman has offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings all over the country. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including against Independent Financial Group.

View Ginn, s BrokerCheck 4.8.23 (1)

If you lost money with Stewart Ginn or Independent Financial Group, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.