Sean J. McElduff, of Parsippany, New Jersey, a stockbroker currently registered with Hennion Walsh Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $10,000.00 in damages founded on allegations that made unsuitable recommendations to them regarding municipal bonds while he was registered with Hennion Walsh. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02616 (May 26, 2021).
This is the second time a customer has complained about McElduff’s sales practices relating to municipal products. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that on January 23, 2017, a customer initiated investment related FINRA securities arbitration claim concerning McElduff’s activities was resolved for $12,000.00 in damages supported by accusations of unsuitable bond purchases by McElduff for the customer’s Hennion Walsh account. FINRA Arbitration No. 16-00004.
McElduff has been registered with Hennion Walsh as a stockbroker since August 21, 2008. He has been registered as an investment adviser representative of Hennion Walsh Asset Management Inc. since June 20, 2018.