Seth Barnes Stewart, Formerly of Center Street Securities, Named in Customer Disputes Unsuitable Investment Recommendations

INVESTORS: Former Center Street Securities broker Seth Barnes Stewart was named in customer disputes alleging unsuitable investment recommendations.

Seth Barnes Stewart (CRD#: 5467292) was registered as a broker with Center Street Securities from 2012 until 2020. Previously, Stewart was registered as a broker with American Equity Investment Corporation from 2009 until 2012.

Stewart has four disclosures on his BrokerCheck report.

June 2022 Customer Dispute

Status: Pending

Allegations: Client alleges unsuitable investment

Damage Amount Requested: $99,999.00

Broker Comment: At the time of purchase, the client had a good understanding of the illiquid nature related to this segment of their portfolio. The client understood and signed all disclosure forms confirming their understanding of the illiquid nature. Furthermore, in June of 2021, we recommended the early redemption of the illiquid investment in question. The client declined stating that they would prefer to hold until maturity.

January 2022 Customer Dispute

Status: Pending

Allegations: Unsuitable, illiquid, high risk

Damage Amount Requested: $400,000.00

February 2020 Customer Dispute

Status: Pending

Allegations: Unsuitable

Damage Amount Requested: $200,000.00

December 2019 Customer Dispute

Status: Pending

Allegations: did not know investments were illiquid

Damage Amount Requested: $100,000.00

If you have any information about Seth Barnes Stewart that you would like to share or discuss, please call our firm for a confidential consultation. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.