arbitration notice

Douglas Keith Ellman of Boca Raton Florida a stockbroker currently registered with Shearson Financial Services is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested unspecified damages founded upon allegations that Ellman placed them into inappropriate common and preferred stock between February of 2019 and November of 2019 while he was employed by Shearson Financial Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01354 (June 9, 2020).

Ellman has been identified in two additional customer initiated investment related disputes concerning accusations of his wrongful activities when he was registered with Shearson Financial Services. FINRA Public Disclosure shows that a customer filed an investment related complaint involving Ellman’s conduct where they sought more than $5,000.00 in damages supported by allegations of unsuitable unit investment trust transactions which resulted in losses for them.

Another customer initiated investment related complaint concerning Ellman’s activities was settled for $14,999.00 in damages on October 20, 2015, based on accusations that Ellman mismanaged their account and made unauthorized trades which resulted in damages.

Ellman has been registered with Shearson Financial Services since June 11, 2003.