Investor Seeks $2.2 Million in Dispute with Sean Sherwin

Sean Sherwin (CRD #: 4164630), a broker registered with PHX Financial, allegedly facilitated unsuitable investments, according to his BrokerCheck record, accessed on July 13, 2023. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On June 26, 2023, an investor alleged that Sean Sherwin facilitated unsuitable investments with excessive commissions from 2016 through early 2022. The client seeks $2.2 million in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must take into account an investor’s risk tolerance, age, and other information described in their profile.

Brokers’ trading activity can be quantitatively unsuitable, which means that they executed an excessive number of trades. This generates trading fees and commissions that can severely reduce investors’ returns.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Tax Lien

On March 30, 2023, Sean Sherwin incurred a $59,232.36 tax lien.

Background Information

Sean Sherwin has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Sean Sherwin is a registered broker in eight states.

He has also worked for National Securities Corporation (CRD#:7569).

Kurta Law Can Help

If you worked with Sean Sherwin and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.