May 2017-New York
The FINRA records of Shadi Taysir Barakat (Sean Barakat) , a stockbroker who is employed by Spartan Capital Securities disclose a prior customer dispute , two currently pending customer disputes and 6 outstanding judgment/liens.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In FINRA case 13-01501 a customer of Aegis Capital alleged damages of $500,000 for churning and unsuitable recommendations and investments in private placements. The case was settled for $360,000.
In pending FINRA case 17-0512 a customer of Aegis Capital seeks damages of $652,346 and alleges unsuitable investment recommendations and excessive trading.
In pending FINRA case 15-2850 a customer of Aegis Capital seeks damages of $195,724 and alleges unsuitable investments, unauthorized transactions, negligence, misrepresentation and breach of fiduciary duty.
Shadi T. Barakat has been employed by Spartan Capital Securities since 5/2017. He was previously employed by Aegis Capital 3/2010-5/2017. Prior to that he was with GunnAllen Financial and Joseph Gunnar & Co.
Barakat discloses several state and federal tax liens.
If you have questions about an account handled by Shadi T. Barakat , contact us to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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