Advisor Alert: Our Attorneys Are Investigating Stefan Ara Shimshidian For Investment Fraud
Did You Lose Money Because of Stefan Shimshidian?
Filed: February 27, 2024
Stefan Shimshidian currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) 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 Stefan Ara Shimshidian.
Who Is Stefan Ara Shimshidian of Cabot Lodge Securities LLC?
- Advisor Name: Stefan Ara Shimshidian
- Aliases: Stefan Shimshidian
- CRD: 3043669
- Location: White Plains, New York
- Current Employer: Cabot Lodge Securities LLC
- Previous Firms: Allied Beacon Partners, Inc., Advanced Planning Securities, Inc., and Clark Dodge & Co., Inc.
- Number of Known Customer Complaints: 2
- Can Stefan Shimshidian Be Sued: Yes, in Private Arbitration
- Can Stefan Shimshidian’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $235,000
- Highest Settlement: $134,820
If you have suffered investment losses by Stefan Shimshidian, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Stefan Shimshidian For Broker Misconduct
As of this publication date, Stefan Shimshidian has been the subject of 2 customer disputes. Let’s review them below.
In July 2023, a FINRA arbitration was filed against or in reference to Stefan Shimshidian by multiple customers of Cabot Lodge Securities LLC alleging breach of fiduciary duty, negligence and negligent misrepresentation, breach of contract, failure to supervise, violation of Regulation Best Interest with regard to purchases of GWG L-Bonds in November 2020 and March 2021. Per the customers, they lost over $171,500 because of Shimshidian’s actions. As of this publication date, this claim remains pending.
In September 2022, a FINRA arbitration was filed against or in reference to Stefan Shimshidian by multiple customers of Cabot Lodge Securities LLC alleging that with regards to investment in GWG L-bonds, violations of federal securities laws, New York Consumer Protection Act, breach of contract, common law fraud, breach of fiduciary duty, negligence, and gross negligence. Per the customers, they lost over $235,000 because of Shimshidian’s actions. On November 16, 2023, Shimshidian settled the claim for $134,820, and some or all of this amount may have been paid by Shimshidian’s employer and/or insurance carrier.
How To File A Claim Against Stefan Shimshidian of Cabot Lodge Securities LLC (previously with Allied Beacon Partners, Inc., Advanced Planning Securities, Inc., and Clark Dodge & Co., Inc.) To Get Your Money Back
If you have questions about Stefan Shimshidian, Cabot Lodge Securities LLC, Allied Beacon Partners, Inc., Advanced Planning Securities, Inc., Clark Dodge & Co., Inc., 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.