Stephen Shea Allegedly Failed to Disclose Private Securities Transactions
Former broker Stephen Fitzgerald Shea allegedly failed to disclose private securities transactions, allegedly failed to disclose outside brokerage accounts held with his member firm, and also allegedly failed to disclose outside business activities, according to a Pending Investigation found on Shea’s FINRA BrokerCheck Report which is under review by investor rights attorney Alan Rosca.
FINRA, on May 8, 2019, allegedly made a preliminary determination to recommend that disciplinary action be brought against Shea alleging violations of NASD and FINRA Rules, FINRA reports, alleging that Shea failed to disclose private securities transactions, that Shea failed to disclose outside brokerage accounts held with his member firm, and that Shea failed to disclose outside business activities.
Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Stephen Shea’s alleged failure to disclose private securities transactions, and alleged failure to disclose outside brokerage accounts held with his member firm. Investors who believe they may have lost money in activity related to former broker Stephen Shea’s alleged failure to disclose private securities transactions, and alleged failure to disclose outside brokerage accounts held with his member firm are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Concerned about investments with
Former broker Stephen Shea Has Not Been Registered with a FINRA Member Firm since August of 2017
Shea has not been registered with a FINRA member firm since August of 2017, and is not currently registered as a broker, FINRA reports.
He has spent 8 years in the securities industry with 10 different firms, and has also been registered with the following firms:
- Arete Wealth Management, LLC, Orinda, CA— May 20, 2016 to August 16, 2017
- Penserra Securities, LLC, Orinda, CA— February 11, 2015 to April 4, 2016
- Gordian Investments, LLC, Orinda, CA— September 24, 2012 to September 30, 2014
- Internet Securities, San Francisco, CA— March 23, 2012 to September 4, 2012
- White Pacific Securities, Inc., San Francisco, CA— January 23, 2012 to March 16, 2012
- Jesup & Lamont Securities Corp., San Francisco, CA— October 14, 2009 to July 8, 2010 (FINRA expelled Jesup & Lamont on November 4, 2010)
- Iron Capital Securities, LLC, San Francisco, CA— March 20, 2009 to August 25, 2009
- Fidelity Brokerage Services, LLC, San Francisco, CA— June 16, 2006 to April 12, 2007
- Deutsche Bank Alex Brown Inc., New York, NY— January 13, 2001 to March 7, 2001
- DB Alex. Brown LLC, Baltimore, MD— December 20, 1999 to January 13, 2001
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Concerned about investments with
Securities Lawyer Investigating
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Stephen Shea’s alleged failure to disclose private securities transactions, and alleged failure to disclose outside brokerage accounts held with his member firm. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of broker Stephen Shea’s alleged failure to disclose private securities transactions, and alleged failure to disclose outside brokerage accounts held with his member firm may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
