The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Shannon Lewis. According to her publicly available FINRA BrokerCheck report, Shannon Lewis has been the subject of a FINRA sanction.

Shannon Lewis was an Iowa based securities broker. She worked in the securities industry for fifteen years. During her career, she was registered with three different securities firms.

Her Registrations

  • Walnut Street Securities (2001-2003)
  • Locust Street Securities (2003)
  • State Farm VP Management (2003-2016)

The Allegations

Shannon Lewis was officially sanctioned by FINRA in December 2017. The findings in this matter state that she allegedly executed $1,074,199 in securities transactions involving nine customers’ outside retirement accounts. She allegedly did this without notifying her member firm prior to the transactions. She also allegedly failed to disclose the transactions to the firm after the fact. Due to these allegations, she was fined $7,500 and suspended for a period of six months.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Shannon Lewis, please contact Oakes & Fosher for a free and private consultation.