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.
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 […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com