Stuart Myles Godin of Century City California a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages founded on allegations that between November of 2012 and March of 2016, Godin made unsuitable recommendations to the customer concerning futures and commodities which led to the customer incurring investment losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00482 (Mar. 10, 2018).
FINRA Public Disclosure confirms that Godin is referenced in five additional customer initiated investment related disputes containing accusations of Godin’s misconduct during the time that he was associated with Oppenheimer & Co., Inc. and Morgan Stanley DW Inc. Specifically, a customer initiated investment related complaint was resolved for $32,500.00 in damages supported by allegations that documents furnished to the firm for establishing a customer’s investment accounts contained signatures of the customer that had been forged.
Subsequently, Godin was subject of a customer initiated investment related arbitration claim in which the customer was awarded $46,505.00 in damages based on Godin being found liable on the customer’s claims of him making misrepresentation to the customer about the customer’s investments. National Futures Association Case No. 87ARB277. Godin was also subject of another customer initiated investment related arbitration claim where the customer was awarded $126,000.00 in damages according to the arbitrator’s findings of Godin, inter alia: misrepresenting the risk of a limited partnership investment, excessively trading options in the customer’s account, placing the customer in unsuitable managed commodities funds, breaching his fiduciary duty to the customer, and defrauding the customer. National Association of Securities Dealers (NASD) Arbitration No. 89-00562. Oppenheimer was also found liable for failing to supervise Godin’s activities in the customer’s account.
Then, a customer initiated investment related arbitration claim concerning Godin’s conduct was settled for $9,999.00 in damages based upon accusations of securities laws violations having been committed with regard to the customer’s direct investment holdings. National Association of Securities Dealers (NASD) Arbitration No. 98-04030 (July 1, 2004). Moreover, a customer initiated investment related complaint regarding Godin’s activities was resolved for $15,000.00 in damages founded on allegations that between October 2014 and June of 2016, the customer sustained catastrophic losses on a managed futures program despite being assured that losses would be limited to twenty percent.
Godin’s registration with RBC Capital Markets LLC has been terminated as of March 11, 2016. Between March 16, 2016 and August 30, 2017, Godin was associated with Financial West Group. Since September 18, 2017 he has been registered with Western International Securities, Inc.
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