Written by The White Law Group• August 19, 2019• 5:43 pm• Current Investigations, Securities Fraud Articles

Shawn Evan Burns Broker Investigation

Shawn Evan Burns, Salomon Whitney Financial in Farmingdale, New York

Are you concerned about investments with Shawn Evan Burns in Farmingdale, New York? 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 the Financial Industry Regulatory Authority (FINRA), the regulator reportedly barred Burns from association with any FINRA member in all capacities after he reportedly failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

According to his FINRA BrokerCheck report, Burns reportedly was affiliated with Salomon Whitney Financial in Farmingdale, NY from April 2014 until May 2016 when he was reportedly discharged for “Numerous customer complaints/arbitrations,” among others.

Prior to that, he was registered with Cape Securities Inc. in Holbrook, New York, from November 2008 until August 2013. He reportedly has 23 customer complaints filed against him according to his broker report. Allegations include unsuitable and over concentrated recommendations, among others.

Investigating Potential Claims

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

When brokers violate securities laws, such as making unsuitable recommendations or excessively trading accounts, 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 New York. Our attorneys have recovered millions of dollars from many brokerage firms in the past.