Minneapolis, MN
According to FINRA records, Shawn M. McIntyre , a broker who has been registered with Feltl & Company since 12/2003 , discloses 3 prior customer complaints and one pending judgment/lien.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In the most recent settled customer complaint, FINRA Case 15-0349, a customer alleged damages of $800,000 stating that numerous transactions were made between 2004-2014 involving low priced “penny stocks”. The customer alleged misrepresentation, negligence, excessive trading and failure to adequately disclose risks of penny stock investments. That case was settled for $300,000.
Feltl & Co. Prior Regulatory Issues related to Penny Stocks and ETFs
Feltl & Co. was fined $1 million in 2014 for issues related to inadequacy of supervision in connection with the sale of penny stocks.
That same year Feltl & Co. was fined $225,000 to resolve allegations that firm procedures related to the sale of ETFs were inadequate.
If you have losses in an account handled by Shawn McIntyre, you may be able to recover damages through FINRA arbitration
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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