Laura Ortega Shean, formerly with LPL Financial, Barred from Securities Industry
Have you lost money with financial advisor Laura Ortega Shean of Medford, Oregon? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Laura Ortega Shean. FINRA barred Ortega Shean from the securities industry regarding allegations that she stole or converted $124,000 from a customer during 2017.
Laura Ortega Shean was a financial advisor and registered representative of LPL Financial from 1999 to November 2017. She worked at a branch office in Medford, Oregon. Ortega Shean has been the subject of regulatory action by the Oregon Division of Financial Regulation, and she was also terminated by LPL Financial.
Brokerage firms like LPL Financial 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 Vancouver, Washington; Seattle, Washington; and Denver, Colorado. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Oregon. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial.
Click to view: Ortega Shean, Laura FINRA AWC
Click to view: Ortega Shean, Laura BrokerCheck 4.4.18
If you lost money with Laura Ortega Shean or LPL Financial, 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.