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Investor Alleges Shane Gold Misrepresented Variable Annuity

Shane Gold (CRD #: 6697274), a broker registered with J.P. Morgan Securities, was the subject of a recent dispute, according to his BrokerCheck record, accessed on September 5, 2022. If you have questions about his conduct as a broker, read on.

Investor Dispute

On June 10, 2022, an investor alleged that Shane Gold misrepresented a variable annuity on May 19, 2022. The client sought $58,679.81 in damages but was denied by the firm. Variable annuities are complex investments that often do not work in an investor’s best interests. 

Investors should know, however, that firms can deny disputes without an external review. Investors can still seek out FINRA arbitration after a denial and potentially recover their funds.

FINRA Rule 2020

The misrepresentation of investments violates FINRA Rule 2020, which bans the use of deceptive, manipulative, and otherwise fraudulent tactics to influence the purchase and sale of securities.

Background Information

Shane Gold has passed the following exams:

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

Shane Gold is a registered broker in Arizona, California, and Washington. He is also a registered investment adviser in California.

Kurta Law Can Help

If you worked with Shane Gold 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.