Advisor Alert: Our Attorneys Are Investigating Joseph Michael Shimko Jr. For Investment Fraud
Did You Lose Money Because of Joseph Shimko?
Filed: February 9, 2024
Joseph Shimko (also known as Joe Shimko) has been the subject of two (2) regulatory events and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Joseph Michael Shimko Jr..
Who Is Joseph Michael Shimko Jr.?
- Advisor Name: Joseph Michael Shimko Jr.
- Aliases: Joe Michael Shimko, Joe Shimko, Joseph Shimko
- CRD: 4611093
- Location: Stuart, Florida
- Current Employer: Currently Not Registered
- Previous Firms: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Clearing Services, LLC, and PNC Investments
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 2
- Can Joseph Shimko Be Sued: Yes, in Private Arbitration
- Can Joseph Shimko’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: $55,630
If you have suffered investment losses by Joseph Shimko, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Joseph Shimko For Broker Misconduct
As of this publication date, Joseph Shimko has been the subject of 2 regulatory events and 1 customer dispute. Let’s review them below.
In December 2020, FINRA initiated a regulatory action against or in reference to Joseph Shimko for failing to pay $8,723.06 in arbitration fees assessed in FINRA Arbitration Case #18-00162.
September 2020, FINRA initiated a regulatory action against or in reference to Joseph Shimko for failing to pay an industry arbitration award and failing to prove that he has a bona fide inability to pay the award.
In May 2019, a complaint was filed against or in reference to Joseph Shimko by a customer of Wells Fargo Advisors alleging that the purchases made by Mr. Shimko were not in accordance with the client’s investment objectives. On December 24, 2019, Mr. Shimko settled the claim for $55,630, and some or all of this amount may have been paid by Mr. Shimko’s employer and/or insurance carrier.
How To File A Claim Against Joseph Shimko (previously with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Clearing Services, LLC, and PNC Investments) To Get Your Money Back
If you have questions about Joseph Shimko, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Clearing Services, LLC, PNC Investments, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.