Scott David Shapiro of New York New York is a stockbroker formerly employed with Citigroup Global Markets who has been terminated on April 8 2016 supported by allegations that he was under internal investigation for his potential mishandling of customer account documentation.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Shapiro has been referenced in six customer initiated investment related disputes containing accusations of Shapiro’s wrongful conduct while employed with Citigroup Global Markets Inc. Particularly, on December 26, 2007, a customer filed an investment related written complaint pertaining to Shapiro’s conduct, where the customer sought $40,085.65 in damages founded on allegations that Shapiro made misrepresentations to the customer concerning the free-look provision of a variable annuity.
Then, on October 23, 2008, a customer initiated investment related written complaint regarding Shapiro’s activities was resolved for $40,000.00 in damages based upon accusations that Shapiro failed to abide by the customer’s instructions relating to allocations of the customer’s assets in speculative equities. On December 12, 2009, another customer filed an investment related written complaint regarding Shapiro’s activities, alleging that misrepresentations had been made by Shapiro to the customer in regard to a wash sale.
Further, on December 28, 2015, a customer filed an investment related written complaint involving Shapiro’s conduct, in which the customer requested $63,473.00 in damages supported by allegations that between December of 2014 and December of 2015, Shapiro effected unsuitable transactions in the customer’s account.
Subsequently, on January 8, 2016, a customer filed an investment related written complaint regarding Shapiro’s activities, where the customer sought $30,605.62 in damages founded on accusations that from May of 2015 to January of 2016, Shapiro utilized high pressure sales tactics to induce the customer’s investment transactions, and made faulty promises of a bonus payment to the customer for rolling over the customer’s investment portfolio. Shapiro has also been subject of a customer initiated investment related written complaint on December 2, 2016, in which the customer alleged that her annuity documentation had contained forged dates, and that a variable annuity purchase was effected which the customer never authorized.
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