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.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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