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Investor Alleges Negligence in Dispute with Shane DeSherlia

Nov 28, 2022 Unsuitable Investments

Shane DeSherlia (CRD #: 6800960), a broker registered with Moloney Securities Company, is involved in a pending dispute, according to his BrokerCheck record, accessed on November 16, 2022. Investors may have also engaged his services through Moloney Securities Asset Management. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

In a dispute filed on August 22, 2022, an investor named Shane DeSherlia in allegations involving negligence and suitability. The client seeks $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the investor’s profile, which contains information about their risk tolerance, tax status, and age.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

What is broker negligence?

Many forms of misconduct can qualify as broker negligence. Common examples include unsuitable investment recommendations, material misrepresentations and omissions, and unauthorized trading.

Investors who have lost money through broker negligence may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Shane DeSherlia has passed the following exams:

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

Shane DeSherlia is a registered broker in 16 states and a registered investment adviser in Illinois and Missouri.

Kurta Law Can Help

If you worked with Shane DeSherlia 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.