Brian Shevland Subject of a Regulatory Action
Brian Shevland (CRD #: 4570496) was suspended by FINRA. This is according to his BrokerCheck record, accessed on April 8, 2024. Keep reading if you have questions about his alleged conduct.
Regulatory Action
On February 1, 2024. Brian Shevland entered into an Acceptance, Waiver, and Consent agreement (AWC) following allegations that he made negligent misrepresentations about the performance of two private equity funds. The AWC alleges that Brian Shevland caused the Funds to invest more than $20 million in a separate private equity fund (the Master Fund) that was managed by one of his former employees. The Funds allegedly created documents that contained materially inaccurate performance results. The documents relied on information that Brian Shevland received from the Master Fund.
Brian Shevland allegedly failed to act with due care after learning about material discrepancies in financial results reported by the Master Fund. The manager of the Master Fund was reportedly arrested and charged with securities fraud.
As part of the terms of the AWC, Brian Shevland consented to a one-year suspension and a $10,000 fine. You can read a copy of the AWC here.
Background Information
Brian Shevland has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 24 General Securities Representative Examination
During his 21 years of experience, Brian Shevland has registered with four firms:
- MCG Securities (CRD #: 163144)
- CV Brokerage (CRD #: 462)
- Royal Alliance Associates (CRD #: 23131)
Kurta Law Can Help
If you have worked with Brian Shevland and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.
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