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.
Ameriprise Financial Services LLC Investor Accuses Shaughnessy Of Unauthorized Trading
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.
Matthew Shaughnessy Discloses Failure To Supervise Allegations By Morgan Stanley DW Inc. Client
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.
Shaughnessy Employment Information
- Shaughnessy has worked for Ameriprise Financial Services LLC in Henderson, Nevada, as a securities broker since August 17, 2018.
- Shaughnessy has worked for Ameriprise Financial Services LLC in Henderson, Nevada, as a financial advisor since August 19, 2018.
Damages Resulting From Ameriprise Financial Services LLC Securities Broker Matthew Shaughnessy?
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.