10.0David P Neuman
(720) 599-3505

Warning: DUSTIN SHAFER of Money Concepts BARRED – Springfield, IL

SEARCH OUR BLOGS
08
Jan

Warning: DUSTIN SHAFER of Money Concepts BARRED – Springfield, IL

Posted by admin | 0 Comment
Warning: DUSTIN SHAFER of Money Concepts BARRED – Springfield, IL

Dustin Shafer, formerly with Money Concepts Capital, Barred by FINRA

Have you lost money with financial advisor Dustin Shafer?  We are looking into allegations made about Dustin P. Shafer from Springfield, Illinois.  FINRA (the Financial Industry Regulatory Authority) barred Dustin Shafer from the securities industry.  FINRA alleged that Dustin Shafer failed to respond to its investigation.  FINRA was investigating Shafer regarding allegations that he borrowed money from a client.

Dustin Shafer was a financial advisor and registered representative of Money Concepts Capital from 2008 to July 2019.  He was also affiliated with Newbridge Securities from September 2019 to November 2020.  He worked in a branch office in Springfield, Illinois.  Shafer has also been the subject of numerous customer complaints, regarding allegations surrounding the sales of non-traded REITs (real estate investment trusts) and other alternative investments like GPB Capital. 

Brokerage firms like Money Concepts Capital have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Phoenix, Arizona; Seattle, Washington; Denver, Colorado; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including throughout Illinois.  Attorneys David Neuman and Aaron Israels are both licensed to practice law in Illinois. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Money Concepts Capital and for a former client of Dustin Shafer.

If you lost money with Dustin Shafer or Money Concepts Capital, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

FREE CASE EVALUATION

DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


Copyright © 2021 Israels Neuman, PLC. All Rights Reserved | Sitemap