Dustin Shafer of Money Concepts is Barred by FINRA

Israels & Neuman, PLC
Losses with Dustin Shafer of Money Concepts Capital in Springfield, IL
SPRINGFIELD, ILLINOIS

Have you lost money with financial advisor Dustin Shafer? We are looking into allegations made about this advisor from Springfield, Illinois. FINRA (the Financial Industry Regulatory Authority) barred him from the securities industry after he failed to respond to its investigation. FINRA was investigating allegations that he borrowed money from a client.

Dustin Shafer was a financial advisor and registered representative of Money Concepts Capital from 2008 to July 2019. He was also affiliated with Newbridge Securities from September 2019 to November 2020. He worked in a branch office in Springfield, Illinois. This advisor has also been the subject of numerous customer complaints, regarding allegations surrounding the sales of non-traded REITs (real estate investment trusts) and other alternative investments like GPB Capital.

Brokerage firms have a responsibility to adequately supervise all representatives who are registered through their firm. They also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Phoenix, Arizona; Seattle, Washington; Ann Arbor, Michigan and Grand Rapids, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout Illinois. Attorneys David Neuman and Aaron Israels are both licensed to practice law in Illinois. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past.

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If you lost money with Dustin Shafer, Money Concepts Capital or Newbridge Securities, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

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