John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Investors might have sustained losses due to securities broker Kenneth Thomas Shotsberger (also known as Ken Shotsberger) [CRD: 6186517, Deerfield, Illinois], according to publicly available information on FINRA BrokerCheck. Notably, Kenneth Shotsberger worked for Equitable Advisors LLC from September 8, 2017 to April 29, 2024. Keep reading to find out more about the securities broker’s disclosures.
Particularly, on April 24, 2025, an Equitable Advisors LLC client filed a complaint about Kenneth Shotsberger. Specifically, the client alleged that Shotsberger made misrepresentations related to a variable life insurance policy replacement. For this reason, the client allegedly sustained damages. Consequently, the client requested $5,000 in compensation from Equitable Advisors LLC or Shotsberger. However, the firm denied this dispute.
Notably, Equitable Advisors LLC disaffiliated with Shotsberger on April 23, 2024. Allegedly, Shotsberger failed to disclose outside business activities. Basically, these activities refer to any business or financial activities that a registered broker or investment adviser engages in outside their primary employment with a securities brokerage firm. These activities must be disclosed to and often approved by the firm in writing to ensure compliance with regulations and to prevent conflicts of interest.
Do you have questions or concerns about investments you made through Kenneth Shotsberger? If so, contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer. Soreide Law Group helps recover losses for investors throughout the United States. Also, the firm takes investor cases on a contingency fee basis and advances the costs. Shotsberger and brokerage firms Shotsberger worked for deny allegations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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