Shannon Powers Faced Western International Securities Investors’ Unsuitable Advice Complaints

Investors potentially experienced sales practice violations by securities broker Shannon Marie Powers (also known as Shannon Marie Catuogno and Shannon Powers-Solomon) [CRD: 2367198, Ridgefield, Washington], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Powers has worked with multiple firms, including Innovation Partners LLC and IP Financial Advisory Services LLC since December 5, 2023, and previously Western International Securities from November 2012 to December 2023. See below to find out more about Powers’ disclosures.

Western International Securities Inc. Investor Accused Powers Of Misrepresentation

Notably, a Western International Securities Inc. client filed a complaint about Shannon Powers. Mainly, the client alleged that Powers made unsuitable recommendations and provided misleading information. For this reason, the client allegedly incurred damages linked to corporate bonds. Consequently, on February 20, 2025, Western International Securities Inc. settled this matter by paying the client $24,000 in damages.

Western International Securities Inc. Investor Accused Shannon Powers Of Negligence, Breach Of Fiduciary Duty

Specifically, a Western International Securities Inc. client filed FINRA Arbitration No. 23-02139 about Shannon Powers. Primarily, the client alleged that Powers breached her fiduciary duty and was negligent. Because of this, the client allegedly sustained damages connected to corporate bonds. Therefore, on May 13, 2024, Western International Securities Inc. settled this matter by paying the client $22,500 in damages.

Western International Securities Inc. Investor Accused Powers Of Unsuitable Recommendations And Misrepresentations

Evidently, a Western International Securities Inc. client filed FINRA Arbitration No. 22-02276 about Shannon Powers. Mainly, the client alleged that Powers made unsuitable recommendations and made misrepresentations. For this reason, the client allegedly incurred damages associated with corporate bonds. As a result, on October 1, 2023, Western International Securities Inc. settled this matter by paying the client $45,897.67 in damages.

Shannon Powers Disclosed Misrepresentation Allegations By Wells Fargo Investments LLC Client

Also, a client of Wells Fargo Investments contested Shannon Powers’s sales practices, based on a complaint dated September 13, 2006. Allegedly, Powers made misrepresentations. It appears that Powers allegedly caused the client to sustain damages on fixed annuities and variable annuities. Consequently, the client sought compensation from Wells Fargo Investments or Powers in this matter. However, the firm denied this complaint.

Have You Made Investments Through Financial Advisor / Securities Broker Powers?

Did you suffer any investment-related losses because of Shannon Powers? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Powers and brokerage firms Powers worked for deny allegations of sales practice violations.