Shimshon Plotkin (CRD #2431863) Has Customer Dispute Disclosures on FINRA BrokerCheck

Shimshon Plotkin (CRD #2431863) was previously registered as a broker. His FINRA BrokerCheck report reflects customer dispute disclosures. We reviewed his BrokerCheck report on February 18, 2026. It reflects 12 customer disputes. If you invested with Shimshon Plotkin and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Shimshon Plotkin’s FINRA BrokerCheck Report reflects customer dispute disclosures. Two examples are below:

On November 26, 2025, a customer alleged that an investment recommendation was unsuitable. FINRA BrokerCheck lists the product as a non-traded REIT. The customer sought $100,000 in damages. The dispute is listed as pending.

On September 29, 2023, a customer alleged that a non-traded REIT investment was unsuitable. The customer sought $280,000 in damages. FINRA BrokerCheck lists the dispute as settled for $105,000 on August 6, 2024. Plotkin’s statement says the portfolio was profitable overall and that the claim focused on commissions and tax consequences.

FINRA BrokerCheck lists 10 additional customer dispute disclosures for Plotkin.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. Suitability disputes often ask whether the recommendation fit the customer’s profile and objectives. FINRA Rule 2111

Rule Summary #2: FINRA Rule 2090 (Know Your Customer)

FINRA Rule 2090 requires firms to use reasonable diligence to know the essential facts about each customer. Claims involving unsuitable recommendations can raise questions about what information was gathered and updated. FINRA Rule 2090

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Shimshon Plotkin:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam. Shimshon Plotkin has passed Series 7 and Series 6. He has also passed Series 65, Series 63, Series 24, and Series 53.

Was previously registered with firms that include Independent Financial Group, LLC and Pacific West Securities, Inc.

Kurta Law Can Help

If you have worked with Shimshon Plotkin and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Failure to Supervise

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.