Investors potentially experienced sales practice violations due to securities broker Shannon Renee Roehrs [CRD: 4359877, Las Vegas, Nevada], according to disclosures through FINRA’s BrokerCheck. Evidently, Shannon Roehrs has been registered with Merrill Lynch Pierce Fenner Smith Incorporated since October 23, 2009, and continues to serve as a broker and investment adviser at their Las Vegas, Nevada location. Below, you can learn more about the disclosures involving this securities broker.
Particularly, on November 27, 2024, a Merrill Lynch Pierce Fenner Smith Incorporated client filed Civil Action No. A-23-870517-C about Shannon Roehrs. The client alleged that Roehrs engaged in unauthorized trading, made unsuitable investment recommendations, misrepresented material facts, and failed to act in the client’s best interest in July 2020. Because of this, the client allegedly sustained damages on stocks. Therefore, the client requested $2,377,594.00 in compensation from Merrill Lynch or Roehrs. Evidently, this civil suit is pending a resolution.
When a financial advisor or securities broker faces misrepresentation allegations, it typically means they allegedly gave false or misleading information to a client about an investment. This could include exaggerating the potential returns, hiding the risks, or omitting crucial details that would have helped the investor make an informed decision. Misrepresentation can mislead investors into putting their money into investments that don’t suit their financial goals or risk tolerance.
Unauthorized trading refers to when a broker buys or sells securities in a client’s account without that client's prior consent or discretionary authority. Unauthorized trades may result in significant losses and are a violation of securities laws and FINRA regulations.
Did you experience losses because of Shannon Roehrs? You can reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer about a potential recovery of your investment losses. Soreide Law Group is experienced with recovering losses for investors throughout the US, takes cases on a contingency fee basis, and advances all costs. Roehrs and any securities broker dealers / investment advisories Roehrs worked for deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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