FINRA Bars David Shane Simmons from the Securities Industry
According to public documents, the Financial Industry Regulatory Authority (FINRA) has barred broker David Shane Simmons (CRD#: 4655479) from associating with any FINRA member at any time. FINRA, the self-regulator who oversees financial advisors and broker-dealers, reportedly barred Simmons after he allegedly failed to provide information regarding his purported dismissal from his member firm, Lincoln Financial Securities Corp.
According to his broker report, Simmons was reportedly affiliated with Lincoln Financial in Jefferson NC from December 2011 until November 2021.
FINRA Attorneys to Recover Investment Losses
When brokers violate securities laws, such as making unauthorized transactions or unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.
If you have suffered losses investing with David Shane Simmons, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.
Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.
With over 40 years of securities law experience, including experience working at FINRA and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions attempt to recover their investment losses. For more information, please visit our website, www.whitesecuritieslaw.com.
Tags: David Shane Simmons David Shane Simmonsfinancial advisor, David Shane Simmons FINRA, David Shane Simmons investigation, David Shane Simmons investment losses, David Shane Simmons lawsuit, David Shane Simmons litigation, David Shane Simmons recovery options, securities fraud attorney Last modified: March 16, 2023