Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 8, 2016 indicate that New York-based Wells Fargo Advisors broker/adviser Brian Shepherd has been the subject of a denied customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Shepherd (CRD# 2234721).
Brian Shepherd has spent 22 years in the securities industry and has been registered with Wells Fargo Advisors in New York, New York since February 2016. Previous registrations include Credit Suisse Securities in New York, New York (2013-2016); Morgan Stanley in New York, New York (2009-2013); and Citigroup Global Markets in New York, New York (1994-2009). He is a registered broker with 21 US states and territories: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, North Dakota, Ohio, Pennsylvania, South Dakota, Texas, Utah, and Virginia.
According to his BrokerCheck report, Brian Shepherd has received one denied customer complaint.
In 2010, a customer alleged Brian Shepherd, while employed at Morgan Stanley Smith Barney, unsuitably recommended the sale of municipal bonds and the purchase of auction rate securities. The customer sought unspecified damages in the complaint, which was denied.
According to FINRA rules and federal securities law, investment professionals like Brian Shepherd must abide by a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has lost money investing with Brian Shepherd, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.