Shannon Hart is the Subject of a Suitability Dispute

Shannon Moore (CRD #: 2934682), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 30, 2024. Details concerning this disclosure are provided below. 

Investor Allegations 

On June 12, 2024, an investor alleged that Shannon Moore recommended an investment that was unsuitable in light of the customer’s investment objectives and risk tolerance. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Shannon Moore has passed the following exams: 

• 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 11 states. 

Shannon Moore has registered with three firms: 

• LPL Financial (CRD #: 6413)
• UVest Financial Services Group (CRD #: 13787) 
• Pruco Securities (CRD #: 5685) 

Kurta Law Can Help 

If you worked with Shannon Hart and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.