Advisor Alert: Our Attorneys Are Investigating Shaun Joseph Grimaldi For Investment Fraud
Did You Lose Money Because of Shaun Grimaldi?
Filed: February 21, 2024
Shaun Grimaldi currently has two (2) pending customer complaints. Overall, he has been the subject of five (5) customer complaints. 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 Shaun Joseph Grimaldi.
Who Is Shaun Joseph Grimaldi of E1 Asset Management, Inc.?
- Advisor Name: Shaun Joseph Grimaldi
- Aliases: Shaun Grimaldi
- CRD: 4529021
- Location: Jersey City, New Jersey
- Current Employer: E1 Asset Management, Inc.
- Previous Firms: PHD Capital
- Number of Known Customer Complaints: 5
- Can Shaun Grimaldi Be Sued: Yes, in Private Arbitration
- Can Shaun Grimaldi’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $4,000,000
- Highest Settlement: $21,000
If you have suffered investment losses by Shaun Grimaldi, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement 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 Shaun Grimaldi For Broker Misconduct
As of this publication date, Shaun Grimaldi has been the subject of 5 customer disputes. Let’s review them below.
In June 2023, a complaint was filed against or in reference to Shaun Grimaldi by a customer of E1 Asset Management, Inc. alleging that the beneficiary who inherited the account after the original account owner passed away is claiming there was mismanagement of the deceased funds. As of this publication date, this claim remains pending.
In May 2023, a complaint was filed against or in reference to Shaun Grimaldi by a customer of E1 Asset Management, Inc. alleging per arbitration filing. Per the customer, he/she lost over $4,000,000 because of Mr. Grimaldi’s actions. As of this publication date, this claim remains pending.
In April 2015, a complaint was filed against or in reference to Shaun Grimaldi by a customer of E1 Asset Management, Inc. alleging misrepresentation and unsuitable investment recommendations from 2006 to 2008. Per the customer, he/she lost over $240,000 because of Mr. Grimaldi’s actions. On August 4, 2015, Mr. Grimaldi settled the claim for $7,500, and some or all of this amount may have been paid by Mr. Grimaldi’s employer and/or insurance carrier.
In September 2014, a FINRA arbitration was filed against or in reference to Shaun Grimaldi by a customer of E1 Asset Management, Inc. alleging breach of contract, unsuitability, misrepresentation, negligence, negligent supervision, and fraud from the time period of January 2011 to April 2013. Per the customer, he/she lost over $2,400,107 because of Mr. Grimaldi’s actions. On January 8, 2016, Mr. Grimaldi settled the claim for $21,000, and some or all of this amount may have been paid by Mr. Grimaldi’s employer and/or insurance carrier.
In July 2011, a complaint was filed against or in reference to Shaun Grimaldi by a customer of E1 Asset Management, Inc. alleging unsuitable recommendation. Per the customer, he/she lost over $11,899 because of Mr. Grimaldi’s actions.
How To File A Claim Against Shaun Grimaldi of E1 Asset Management, Inc. (previously with PHD Capital) To Get Your Money Back
If you have questions about Shaun Grimaldi, E1 Asset Management, Inc., PHD Capital, 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.