SHAWN DAVIS Sell You Bad DPPs, REITs?

IFG, Berthel Clients File Disputes About Shawn Davis' Alternative Investment Sales

Soreide Law Group is looking into potential investor disputes against securities broker Shawn Bruce Davis [CRD#: 2911230, Auburn, California]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that at least 10 clients took issue with the broker, who worked for Independent Financial Group, Berthel Fisher, and other securities firms. Apparently, clients of Davis indicate that he sold unsuitable and misrepresented investments. Check out this brief summary of the disclosures concerning Davis:

Berthel Fisher, Independent Financial Group Client Disputes Davis’ Sales Of Alternative Investments

Apparently, a client of Independent Financial Group and Berthel Fisher filed FINRA Arbitration #: 20-00282 on January 27, 2020. Mainly, the client indicated that Davis sold unsuitable alternative investments including DPP and LP interests, equipment leasing securities and real estate securities. It appears that Davis may have misrepresented the investments as well. In addition, the client suggested that the securities firms did not supervise Davis’ actions. Apparently, the client received $7,000 in compensation to resolve the dispute on April 7, 2020.

Independent Financial Group Client Indicates Shawn Davis Sold Bad DPPs, REITs

Evidently, a client of Independent Financial Group contested Shawn Davis’ actions by bringing FINRA Arbitration #: 19-03103 on October 18, 2019. Allegedly, Davis sold unreasonable and inappropriate REITs and DPPs. It seems that the investments Davis recommended or sold had caused the client to sustain losses. Consequently, the client made a claim for compensatory damages from Independent Financial Group or Davis in the amount of $800,000 in this ongoing matter.

Davis Allegedly Sells Bad BDCs To Independent Financial Group Client

Apparently, a client of Independent Financial Group, Berthel Fisher and WFG Investments contested Shawn Davis’ actions by filing Lawsuit  #: SCV0042532 on March 25, 2019. Allegedly, Davis sold inappropriate investments to this client like he did with other clients. Not only that, but it appears that Davis recommended or sold alternative investments including BDCS and equipment leasing investments without doing due diligence first. Also, the client indicated that the firms failed to supervise Davis. Apparently, this matter is ongoing.

Shawn Davis Purportedly Misrepresents Alternative Investments To Berthel Fisher Client

Evidently, on February 12, 2019, a Berthel Fisher and Royal Alliance Associates client filed Lawsuit #: CVCS19-0000434 concerning Shawn Davis. Notably, the client asserted that the securities broker falsified information about DPP interests or real estate securities. It appears that without reasonable supervision from Berthel Fisher and Royal Alliance, Davis sold inappropriate alternative investments to the client. Allegedly, the investments were inconsistent with the client's investment profile. As a result, the client asked for $1,500,000 in compensation from Berthel Fisher, Royal Alliance Associates or Davis. Evidently, this investor dispute is pending a resolution.

Losses From Shawn Davis?

Have you experienced losses by investing with Shawn Davis? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities firms and brokers like Davis.