Can I recover losses due to unsuitable investment recommendations by Coastal Equities, Inc. broker James Shenk (CRD# 2876098)? He has been registered with Coastal Equities, Inc. in Glen Rock, Pennsylvania, since 2015.
James Shenk Customer Complaints
He has been the subject of two customer complaints in 2022, according to his CRD report:
December 2022. “The claimants allege unsuitable investments.” The customer is seeking $433,000 in damages, and the case is currently pending. The complaint was related to direct investment losses.
September 2022. “Claimants are alleging misrepresentation and unsuitable investments.” The customer is seeking $250,000 in damages, and the case is currently pending. The complaint was related to alternative investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Coastal Equities, Inc. may be liable for investment or other losses suffered by James Shenk’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
