Shawn Tyler Resigns from American Trust Investment Services Following FINRA Suspension

Shawn Tyler (CRD #: 5042677), a broker formerly registered with American Trust Investment Services, has been suspended by FINRA, according to his BrokerCheck record, accessed on November 12, 2024. Read on if you have questions about his alleged conduct as a broker.

Resignation from American Trust Investment Services

On October 22, 2024, Shawn Tyler resigned from American Trust Investment Services following the filing of a Letter of Acceptance, Waiver & Consent (AWC). Shawn Tyler consented to the entry of findings that he allegedly falsified documents by electronically signing clients’ names and adding false dates to signature pages.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Suspension

On October 16, 2024, Shawn Tyler consented to the entry of findings that he allegedly falsified 21 documents between June and September 2022, causing American Trust Investment Services to keep inaccurate books and records.

According to an AWC, he allegedly falsified forms including an annuity claim form, an IRA distribution request, accounts transfer forms for the consolidation of annuity funds, and annuity applications. This falsification allegedly involved reusing previously-signed forms and changing the dates, copying client electronic signatures from previously-signed forms, and reusing and misdating a hand-signed form.

The AWC concluded that these allegations constitute violations of FINRA Rules 2010 and 4511.

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

Sanctions

Shawn Tyler consented to the following sanctions:

• 45-calendar-day suspension
• $5,000 fine

His suspension began on November 18, 2024, and will end on January 1, 2025. You can read the full AWC here.

Tax Lien

On October 16, 2019, Shawn Tyler incurred a $97,322.88 tax lien.

Background Information

Shawn Tyler has passed the following exams:

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

He previously worked for the following firms:

• American Trust Investment Services (CRD#:3001)
• Forest Securities (CRD#:16255)
• Questar Capital Corporation (CRD#:43100)
• ProEquities (CRD#:15708)
• Lincoln Financial Securities Corporation (CRD#:3870)
• MidAmerica Financial Services (CRD#:47351)
• UVEST Financial Services Group (CRD#:13787)

Kurta Law Can Help

If you worked with Shawn Tyler 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 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.