Broker Spotlight: Alan Shorr

Alan ShorrPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 22, 2016 indicate that that California and Massachusetts-based Independent Financial Group broker/adviser Alan Shorr is the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Shorr (CRD# 1040305).

Alan Shorr has spent 33 years in the securities industry and has been registered with Independent Financial Group in Sherman Oaks, California and Boston, Massachusetts since 2010. Previous registrations include AFA Financial Group in Bakersfield, California (2003-2010); Sentra Securities Corporation in Phoenix, Arizona (1998-2003); United Pacific Securities in Carlsbad, California (1995-1998); Titan/Value Equities Group in Irvine, California (1985-1995); Financial Network Investment Corporation (1983-1985); and University Securities Corporation (1982-1983). He is a registered broker and investment adviser in five US states—California, Connecticut, Massachusetts, Oklahoma, and Oregon.

According to his BrokerCheck report, Alan Shorr is the subject of one customer complaint and one regulatory sanction.

In 2010, a customer alleged that Alan Shorr, while employed at AFA Financial Group, recommended an unsuitable investment in tenant-in-common interests. The complaint settled for $16,800.

In 1990, the State of California sanctioned Alan Shorr following alleged non-payment of fees. His investment adviser certificate in the state was revoked.

According to FINRA rules, as well as federal securities law, brokers and investment advisers like Alan Shorr may only recommend investments that are suitable for their clients. They must weigh such factors as the customer’s net worth, investment goals, experience, age, income, risk tolerance, and more. They are not permitted to misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might cause a customer to make unsuitable investments. 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 Alan Shorr, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. We accept all cases on contingency; Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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