Shoug Mayson, of New York, New York, a stockbroker formerly registered with Windsor Street Capital, LP, was terminated on June 22, 2017, based upon allegations that he engaged in business activities with another broker-dealer during the time that he was registered with Windsor Street Capital, and furnished inaccurate customer account information to his firm.
This is not the first time that Mayson has been terminated from a broker-dealer based on accusations of misconduct. In particular, on October 15, 2011, he was fired by former employer, Merrill Lynch, Pierce, Fenner & Smith, Inc., founded on allegations that he failed to adequately assess his customers’ financial situations, and omitted information from customers concerning the expenses and fees for investing.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Mayson has been subject of two customer initiated investment related disputes pertaining to allegations of his wrongdoing while he was associated with Santander Securities LLC. In particular, on February 22, 2016, a customer filed an investment related written complaint involving Mayson’s conduct, wherein the customer sought $20,734.00 in damages based upon accusations that Mayson facilitated the purchase of a variable annuity despite the product having been unsuitable for the customer.
Moreover, on March 9, 2016, a customer filed an investment related written complaint involving Mayson’s conduct, in which the customer requested $9,881.00 in damages supported by allegations that Mayson inappropriately sold a variable annuity to the customer.
Since February 23, 2009, Mayson has been associated with nine different broker dealers, one of which has been expelled by securities regulators for violation of federal securities laws or is otherwise defunct.
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