Soreide Law Group is investigating possible investor claims against securities broker Matthew Shaughnessy (CRD: 2457058, Henderson, Nevada). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Ameriprise Financial Services LLC. Evidently, investors allege sales practice violations in these disputes, including that Shaughnessy engaged in unauthorized trading, engaged in unsuitable trading, and made misrepresentations. Here is a brief summary of the disclosures about Shaughnessy.
Supposedly, on March 23, 2023, an Ameriprise Financial Services LLC client filed a complaint about Matthew Shaughnessy. Namely, the client alleged that Shaughnessy engaged in unauthorized trading, engaged in unsuitable trading, and made misrepresentations. Because of this, the client allegedly sustained damages on unit investment trusts. Therefore, the client requested $175,000 in compensation from Ameriprise Financial Services LLC or Shaughnessy. However, the securities firm denied this complaint.
Particularly, a client of Morgan Stanley DW Inc. contested Matthew Shaughnessy’s sales practices by filing FINRA Arbitration: 08-04876. Allegedly, Shaughnessy failed to supervise certain registered representatives. It appears that Shaughnessy caused the client to sustain damages on equities. Therefore, Morgan Stanley DW Inc. opted to settle the matter on November 20, 2009, by compensating the client in the amount of $631,817.62.
Did you sustain damages because of Matthew Shaughnessy? If you have, get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has effectively recovered money for investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Shaughnessy and brokerage firms Shaughnessy worked for deny any and all allegations against them.
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com