Shawn Davis was a California based securities broker. He worked in the securities industry for nineteen years. During his career, he was registered with six different securities firms.
His registrations include; NYLIFE Securities (1998-2004), QA3 Financial Corp. (2004-2005), Royal Alliance Associates (2005), Berthel Fisher & Company (2005-2012), WFG Investments (2012-2014), and Independent Financial Group (2014-2017). He is no longer working as a registered securities broker in any fashion.
Shawn Davis’ publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In September 2013, a customer alleged that investments purchased by Shawn Davis on their behalf were unsuitable and misrepresented. This case was settled for $52,000 in damages.
In March 2016, a customer alleged that Davis did not fully inform them of the risks associated with REIT offerings purchased from 2013 to 2016. This case is currently pending. The customer is seeking an undisclosed amount in damages.
In September 2017, a customer alleged negligence, misrepresentations, omissions, breach of fiduciary duty, violation of California Corporations Code, and churning in connection with REIT investments.
In March 2018, customers alleged that the investments they purchased between 2005 and 2006 on Shawn Davis’ recommendations were unsuitable and misrepresented. This case is currently pending. The customers are seeking $1.5 million in damages.
In April 2018, customers alleged that the investments they purchased between 2007 and 2011 were unsuitable and misrepresented. This case is currently pending. The customers are seeking $500,000 in damages.
In July 2018, a customer alleged unsuitable investments. This case is currently pending. The customer is seeking $560,000 in 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 Shawn Davis, please contact Oakes & Fosher for a free and private consultation.