Last Updated: December 2023 (Boca Raton, FL)
Antoine Devon Shamlee Investigation Summary
Here’s what you need to know about Boca Raton, FL , stockbroker Devon Shamlee:
- Name: Mr. Antoine Devon Shamlee
- Current Employer: Not currently registered with FINRA
- DBA: Orion Wealth International
- Previous Firms: Newbridge Securities, Caldwell International Securities (Nassau), Meyers Associates, Buckman Buckman & Reid, SW Bach
- Function: Stock Broker/ Financial Advisor
- Aliases: Devon Shamlee
- Primary Location: Boca Raton, FL / Weehawken, NJ
- CRD 4750442
- Can Devon Shamlee be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award:$150,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Antoine Devon Shamlee As Your Stockbroker?
In 9/2023 a customer of Newbridge Securities was paid $150,000 to resolve a FINRA arbitration alleging that Devon Shamlee made unsuitable recommendations to invest in alternatives, in violation of industry rules.
Earlier in his career, while employed by SW Bach, a customer was paid $14,000 to resolve allegations that Shamlee made unauthorized trades in the account.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Antoine Devon Shamlee
Customers of Devon Shamlee have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in alternative investments
- Unauthorized trades in Apple Computer and related option transactions.
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Devon Shamlee, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
