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Janet Shepherd Allegedly Failed to Inform Investor of Tax Implications

Janet Shepherd (CRD #: 4831353), a broker registered with Morgan Stanley, allegedly failed to fully inform a client, according to her BrokerCheck record, accessed on June 29, 2025. If you want to know more about her alleged conduct as a broker, keep reading.

Investor Dispute

On April 29, 2025, an investor alleged that Janet Shepherd failed to inform her of the potential tax consequences of liquidating her holdings in order to fund a new managed account in 2024. This dispute was settled for $60,000.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence the purchase or sale of investments. Misrepresenting an investment’s risks, fees, tax implications, or other features violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Janet Shepherd has passed the following exams:

  • Securities Industry Essentials Examination – SIE
  • General Securities Representative Examination – Series 7
  • Uniform Investment Adviser Law Examination – Series 65
  • Uniform Securities Agent State Law Examination – Series 63

Janet Shepherd is a registered broker in 46 states and the District of Columbia. She is also a registered investment adviser in Texas and Washington.

She has also worked for LPL Financial (CRD#:6413).

Kurta Law Can Help

If you worked with Janet Shepherd and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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. 

 

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