Shane Boehm (CRD #4539835) Has Customer Dispute Disclosures on FINRA BrokerCheck

Shane Boehm (CRD #4539835) is a broker with customer disputes on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 5, 2026. It reflects three customer disputes. If you invested with Shane Boehm and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck report

Investor Disputes / Customer Complaints

Shane Boehm’s FINRA BrokerCheck report reflects three customer dispute disclosures. A summary of two disputes is below. One additional customer dispute remains on his report.

On February 6, 2026, clients alleged Inland REIT was misrepresented. Shane Boehm’s FINRA BrokerCheck report lists the product type as REITs. The matter is listed as pending.

On February 10, 2022, a claimant alleged unsuitable investment recommendations that resulted in losses. Shane Boehm’s FINRA BrokerCheck report lists the product type as a REIT. The claimant sought $1,500,000 in damages. The dispute settled on September 29, 2023 for $22,000. The report lists Boehm’s individual contribution as $0.

Rule Summary #1:

FINRA Rule 2111 (Suitability) requires a reasonable basis for each recommendation. A broker should match the recommendation to the customer’s profile, including risk tolerance and liquidity needs. Complaints involving REITs may question whether the investment fit those factors.

Rule Summary #2:

FINRA Rule 2210 (Communications with the Public) sets standards for communications that describe investment products. Statements must be fair and balanced. Disputes about misrepresentation often focus on what was said about risks, fees, and liquidity.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Shane Boehm:

Is currently registered with Raymond James Financial Services Advisors, Inc. and Raymond James Financial Services, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Shane Boehm has passed Series 7 and Series 6. He has also passed Series 66 and Series 63.

Was previously registered with firms that include Cetera Investment Advisers LLC and Cetera Investment Services LLC.

Kurta Law Can Help

If you have worked with Shane Boehm and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.