FINRA Suspends Sam Shehu Following Allegedly Forgery
Sam Shehu (CRD #: 2486647) has been suspended by FINRA, according to his BrokerCheck record, accessed on July 9, 2022. If you want to know more about Sam Shehu’s conduct as a broker, keep reading.
Suspension by FINRA
On June 9, 2022, Sam Shehu consented to the entry of findings that, from February 2019 to August 2020, he electronically signed his registered representative partner’s name on dozens of account openings and discretionary authority agreements. Sam Shehu allegedly signed these documents on behalf of his partner, believing he had permission to do so, but failed to disclose this to the firm.
The letter of Acceptance, Waiver & Consent (AWC) further alleges that Sam Shehu asked his partner to falsely claim he had electronically signed these documents himself. Sam Shehu also allegedly claimed on two compliance questionnaires that he had not signed another person’s name on any documents.
The AWC concludes that these allegations violate FINRA Rules 4511 and 2010.
FINRA Rules 4511 and 2010
FINRA Rule 4511 requires firms to keep accurate books and records. Violations of this and many other rules qualify as automatic violations of FINRA Rule 2010, which holds FINRA members to high standards of commercial honor.
Sam Shehu consented to the following sanctions:
- ]$7,500 fine
- Two-month suspension from associating with FINRA members in all capacities
His suspension began on June 21, 2022, and will end on August 20, 2022.
You can read the full AWC filing here.
Discharge from LPL Financial
On September 25, 2020, Sam Shehu was fired from LPL Financial after allegedly submitting an account application without proper authorization from his joint representative at the firm.
Sam Shehu has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- Series 65 – Uniform Investment Adviser Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 31 – Futures Managed Funds Examination
He has also worked for the following firms:
- LPL Financial (CRD#:6413)
- Wells Fargo Clearing Services (CRD#:19616)
- Prudential Securities (CRD#:7471)
- Dean Witter Reynolds (CRD#:7556)
- Lew Lieberbaum & Company (CRD#:17341)
Kurta Law Can Help
If you worked with Sam Shehu and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.