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Jeffrey Shanine Allegedly Executed Unauthorized Trades

Jeffrey Shanine (CRD #: 5476309), a broker registered with Woodbury Financial Services, allegedly executed unauthorized trades, according to his BrokerCheck record, accessed on November 6, 2022. If you want to know more about his conduct as a broker, keep reading.

Investor Dispute

On September 12, 2022, an investor alleged that Jeffrey Shanine executed unauthorized trades. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to allow an external review before denying a dispute. Investors may be able to recoup their losses by seeking out FINRA arbitration after a denial.

FINRA Rule 3260

FINRA Rule 3260 limits brokers to exercising their trading discretion in discretionary accounts authorized by both the client and firm.

FINRA Rule 2010

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

Background Information

Jeffrey Shanine has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Jeffrey Shanine is a registered broker in 24 states and a registered investment adviser in Illinois.

Kurta Law Can Help

If you worked with Jeffrey Shanine 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 and 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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