SIOBHAN M SHAUGHNESSY (SIOBHAN M BRADY, SIOBHAN MARIE SHAUGHNESSY, SIOBHAN SHAUGHNESSY) is currently registered with UBS FINANCIAL SERVICES INC of Purchase, New York. SIOBHAN M SHAUGHNESSY has been registered as a broker with UBS since 9/22/2008, and as a financial advisor since 10/26/2021.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, SIOBHAN M SHAUGHNESSY has been in the securities industry for 16 years and listed with 2 firms. Shaughnessy has 1 Disclosure on her FINRA CRD report.
On 11/1/2024 there was a “Customer Dispute” filed against SIOBHAN M SHAUGHNESSY with the allegations of, “Time frame: 2008 and 2022 Claimants allege that account used to collateralize a line of credit was unsuitably allocated in equities. Claimants further allege that the overall investment strategy was not in their "Best Interest.” This dispute is still pending. The damage amount requested is $1,000,000.00.
On FINRA’s website it states that the SEC's Regulation Best Interest (Reg BI) under the Securities Exchange Act of 1934, establishes a "best interest" standard of conduct for broker/dealers and associated persons when they make a recommendation to a retail customer of any securities transaction or investment strategy involving securities, including recommendations of types of accounts.
FINRA states that under the care obligations, investment advisors, broker/dealers, and their financial professionals need to understand the investments and investment strategies on which they provide advice and recommendations before advising on or recommending them to retail investors. This includes developing a sufficient understanding of the potential risks, rewards, and costs of the investment or investment strategy to have a reasonable basis to believe that the recommendation or advice could be in a retail investor’s best interest. For more information regarding Reg BI, visit FINRA’s website.
To discuss this article or any other securities issues, contact Soreide Law Group and speak to an experienced securities lawyer at no cost: 888-760-6552.
Soreide Law Group represents our clients nationally before FINRA on a contingency fee basis.
Investors apparently complained about securities broker Rainer Rudi Hohlbein (also known as Rainer Rudi Hohlbeim) [CRD: 1282146, Verona, Wisconsin], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hohlbein worked for LPL Financial LLC from October 11, 2011, to October 13, 2021. See the following information to find out more about the disclosures involving […]
Investors potentially incurred losses because of securities broker Timothy Richard Farris [CRD: 2178521, West Bloomfield, Michigan], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Farris worked for Sigma Financial Corporation from May 15, 2015, to December 17, 2021, SPC from November 15, 2021, to December 17, 2021, and Cetera Advisors […]
Investors potentially experienced sales practice violations by securities broker Christopher Daniel Tully [CRD: 870889, New Rochelle, New York], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Christopher Tully worked for Oppenheimer Co. Inc. from February 17, 2009, and has remained registered with the firm since November 18, 2011. Read on for […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com