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LPL Financial Fires John Shen 

Feb 8, 2022 Fired Brokers

John Shen (CRD #:4859035), a broker and investment advisor registered with NI Advisors was recently fired by LPL Financial, according to his  Brokercheck Record, accessed on January 15, 2022. Read on for the details of his termination.  

Termination Details 

On October 29, 2021, LPL Financial fired John Shen after he allegedly used a firm-unapproved messaging application to promote investment seminars. FINRA Rule 3110 requires that stockbrokers only communicate with investors using approved messaging applications so that the firm can access those communications for review. Brokerage firms are required to review communications to ensure that stockbrokers are complying with applicable securities rules and regulations. 

Background Information 

John Shen has passed the following exams: 

  • Series 66 - Uniform Combined State Law Examination 
  • Series 63 - Uniform Securities Agent State Law Examination 
  • SIE - Securities Industry Essentials Examination 
  • Series 7 - General Securities Representative Examination 
  • Series 6 - Investment Company Products/Variable Contracts Representative Examination

He is a registered broker in nine states. He is also a registered investment advisor in California. 

 John Shen has also worked with the following firms:  

  • Metropolitan Life Insurance Company (CRD#:4095) 
  • MetLife Securities (CRD#:14251) 

Kurta Law Can Help 

If you lost money after working with John Shen, don't hesitate to contact us today 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 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.