There are options for clients of former Commonwealth Financial Network broker Shabri Moore (CRD# 2894381) who suffered investment losses due to variable life insurance policies. He has been registered as a managing partner and investment advisor representative with Moore Wealth in Frederick, Maryland, since 2023. He was registered with Commonwealth Financial Network in Frederick, Maryland, from 2009 to 2022.
Shabri Moore Customer Complaints
He has been the subject of two customer complaints between 2022 and 2023, one of which was denied, according to his CRD report:
April 2023. “Client alleging that the sale of two variable life insurance products were unsuitable.” The customer sought $235,391.33 in damages, and the case was settled for $216,500. The complaint was regarding insurance losses, and it took place while he was registered with Commonwealth Financial Network.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Commonwealth Financial Network may be liable for investment or other losses suffered by Shabri Moore’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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