Investors possibly experienced losses because of financial advisor / securities broker Shane Michael DeSherlia [CRD: 6800960, Jerseyville, Illinois], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Shane DeSherlia has worked for Moloney Securities Co. Inc. since May 24, 2017, and Moloney Securities Asset Management LLC since November 7, 2019. Keep reading to learn more about Shane DeSherlia’s disclosures and the potential impact on investors.
Evidently, on July 6, 2024, a Moloney Securities Co. Inc. client filed a complaint about Shane DeSherlia. Mainly, the client alleged unsuitable recommendations and negligence. Because of this, the investor supposedly sustained damages on corporate bonds. Therefore, they requested $25,000 in compensation from Moloney Securities Co. Inc. or DeSherlia. Currently, this arbitration is pending a resolution.
Specifically, a client of Moloney Securities Co. Inc. contested Shane DeSherlia’s sales practices by filing FINRA Arbitration: 23-01941 on July 11, 2023. Notably, the investor alleged unsuitable advice and negligence. Allegedly, DeSherlia caused the client to sustain damages on corporate bonds. As a result, they seek damages from Moloney Securities Co. Inc. or DeSherlia in the amount of $500,000 in this ongoing matter.
Particularly, a Moloney Securities Co. Inc. client filed FINRA Arbitration No. 23-01821 about Shane DeSherlia. Basically, the client alleged unsuitable trading and negligence. Because of this, the investor supposedly sustained damages on corporate bonds. Consequently, on April 2, 2024, Moloney Securities Co. Inc. settled this matter by paying the client $65,000 in damages.
Specifically, a client of Moloney Securities Co. Inc. contested Shane DeSherlia’s sales practices by filing FINRA Arbitration No. 22-01814. Notably, the investor alleged unsuitable trading and negligence. Allegedly, DeSherlia caused the client to sustain damages on corporate bonds. As a result, Moloney Securities Co. Inc. opted to settle the matter on November 17, 2023, by compensating the client in the amount of $20,450.
Did you suffer financially because of Shane DeSherlia? If so, contact Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. DeSherlia and the brokerage firms he worked for deny accusations of sales practice violations.
CLIFFORD RONALD REID (CLIFFORD R REID) was previously registered with REID RUDIGER LLC of New York, NY from 10/06/1999 - 04/30/2026. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, CLIFFORD R REID has 34 years of experience in the securities industry and was listed as a broker with 4 firms. Reid is […]
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