Last Updated: February 2025 (Lake Oswego, OR)
William McShane Investigation Summary
Here’s what you need to know about Lake Oswego, OR, stockbroker William McShane:
- Name: William Christopher McShane
- Current Employer: Steward Partners Investment Solutions, Steward Partners Investment Advisory (RIA)
- Prior Employers: Morgan Stanley, Citigroup Global Markets Inc., Umpqua Investments, Inc.
- Function: Stockbroker / Financial Advisor
- Primary Location: Lake Oswego, OR
- CRD Number: 1099025
- Can William McShane be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Highest Settlement or Award: $350,000
If you’ve sustained damages from Mr. McShane, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With William McShane As Your Stockbroker?
A customer of Umpqua Investments, Inc. alleged that William McShane made unsuitable investment recommendations between 2012 and 2015. The investment in question was a Variable Annuity, was settled on June 22, 2018, for $350,000.
See this for our prior investigations of cases involving Annuities
Allegations of Broker Misconduct Against William McShane
A customer of William McShane alleged the following wrongdoing in connection with the handling of investment accounts:
- Unsuitable Investment Recommendations – A customer alleged that McShane recommended a Variable Annuity that was not appropriate for their financial situation. Under FINRA Rule 2111, brokers must have a reasonable basis to believe that a recommended transaction is suitable for the customer.
The Financial Industry Regulatory Authority (FINRA) requires brokers to disclose customer complaints and disputes, as well as regulatory sanctions. Brokers must also report financial issues such as bankruptcies, judgments, and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by William McShane, 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 nationwide representation to investors seeking recovery of losses due to broker negligence or fraud.
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.