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Sean Westbrook: 6-Figure Complaints Against Stifel Nicolaus Rep
Sean Westbrook (CRD# 5090374), a stockbroker in Pueblo, Colorado, has received two pending investor complaints alleging he made unsuitable investment recommendations. According to the Financial Industry Regulatory Authority, he is a broker and investment adviser registered with Stifel Nicolaus & Company.
FINRA records disclose two pending investor disputes against Mr. Westbrook. The most recent, filed in July 2021, alleges that as a representative of FSC Securities Corporation, he recommended unsuitable alternative investments in real estate securities. This pending complaint alleges $100,000 in damages. The second complaint, filed in April 2021, alleges that as a representative of FSC Securities Corporation, he recommended an unsuitable direct investment about which he did not made adequate disclosures. This pending complaint alleges $101,000 in damages.
Mr. Westbrook’s former member firm, FSC Securities, has 16 customer complaints that resolved with FINRA arbitration awards listed on its BrokerCheck report. The most recent complaint was filed in 2015, alleging breach of fiduciary duty, misrepresentation and omission of facts, unsuitable investment recommendations, negligence, and failure to supervise, resolving with a 2016 award to the claimant of $70,333.34. A 2014 complaint alleging failure to supervise and negligence resolved in 2015 with an award to the claimant of $1,282,559.35. The firm has also been the subject of 29 regulatory actions, including a 2021 FINRA censure over findings it failed to supervise the suitability of 529 plans.
According to the Financial Industry Regulatory Authority, Sean Westbrook holds 15 years of securities industry experience. He is a stockbroker and investment adviser with Stifel Nicolaus & Company in Pueblo, Colorado and licensed in 14 states. His past registrations include FSC Securities Corporation (Pueblo, Colorado; 2009-2019), Advantage Capital Corporation (Pueblo, Colorado; 2007-2009), and RBC Dain Rauscher (Pueblo, Colorado; 2006-2007). His credentials include the passage of three securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. (Information current as of April 1, 2022.)
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