Barred Broker: Former U.S. Bancorp Investments, Inc. Financial Advisor Shannon Daniels
Posted on Monday, July 17th, 2017 at 7:24 pm
Erez Law is currently investigating former U.S. Bancorp Investments, Inc. financial advisor Shannon Daniels (CRD# 4606771) regarding securities fraud and theft of funds. Daniels was registered with U.S. Bancorp Investments, Inc. in Bloomfield, Missouri from 2011 to 2016 when she was “Terminated for misappropriation of client funds. Previously, Daniels was registered with Commerce Brokerage Services, Inc. in Cape Girardeau, Missouri from 2004 to 2011.
In December 2016, the state of Missouri alleged “Multiple violations of dishonest and unethical practices regarding theft of funds; multiple violations of willful violation or willful failure to comply with the Missouri Securities Act of 2003 for repeated theft of funds; and multiple violations of engaging in an act, practice or course of business that would operate as a fraud or deceit upon another person in connection with an offer, sale, or purchase of a security or provision of investment advice regarding the repeated thefts of funds.” This is currently pending.
In November 2016, Daniels was barred from association with any FINRA member in any capacity after he failed to respond to FINRA request for information. “Respondent failed to request termination of her suspension within three months of the date of the Notice of Suspension; therefore, she is automatically barred from association with any FINRA member in any capacity.”
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, U.S. Bancorp Investments, Inc. may be liable for investment or other losses suffered by Daniels’ customers.
Erez Law represents investors in the United States for claims against former U.S. Bancorp Investments, Inc. financial advisor Shannon Daniels regarding securities fraud and theft of funds. If you were a client of U.S. Bancorp Investments, Inc. or another firm, and 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.