Written by The White Law Group• September 9, 2019• 4:29 pm• Current Investigations, Securities Fraud Articles

Shawn Bruce Davis Broker Investigation

Shawn Bruce Davis, Independent Financial Group in Auburn, CA

Are you concerned about investments with Shawn Bruce Davis in Auburn, CA? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to a civil action brought in the Superior Court of the State of California on March 4, 2019, a customer filed a civil action requesting unspecified damages founded on allegations that false or misleading statements had been made concerning a business development company, real estate security, equipment leasing products and direct investments. The claims further alleges that alternative investment transactions recommended by Davis were inappropriate and that Independent Financial Group and Davis’ former securities broker dealer employers Berthel Fisher and WFG Investments failed to supervise the transactions effected in the customer’s account. The case is Civil Case No. S-CV-0042532.)

According to his FINRA BrokerCheck report, Davis was reportedly affiliated with Independent Financial Group in Auburn, CA from August 2012 until May 2017.

Prior to that, he was registered with WFG Investments for two years and Berthel Fisher for seven years. He currently has 8 customer complaints listed on his broker report, five of which are still pending.

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that Davis’ former employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unauthorized 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.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.