Shane Wilhelm, Formerly of Suntrust Investment, Suspended by FINRA

MONETA, VIRGINIA

Are you a former client of stockbroker Shane Wilhelm, formerly with Suntrust Investment Services and Fortune Financial Services in Moneta, Virginia?  The investment fraud and securities arbitration law firm of Israels & Neuman is reviewing allegations regarding Shane Wilhelm after FINRA (the Financial Industry Regulatory Authority) indefinitely suspended him when he did not cooperate with a FINRA investigation.

In September 2022, Shane Wilhelm was fired by MGO One Seven, doing business as North Mountain Wealth Management.  He was also terminated by Fortune Financial Services in October 2022, which led to the investigation by FINRA.  Generally, licensed brokers have to respond to investigations by FINRA or face suspension or expulsion from the industry.

Suntrust Investment Services (now called Truist Investment Services), Wilhelm’s former brokerage firm from August 2015 to February 2021, faced three customers complaints because of his conduct.  Suntrust paid $400,000 to settle one of the claims, denied a second complaint, and the third complaint is still pending.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in Virginia.

View Wilhelm, S. BrokerCheck 7.24.23

If you lost money with Shane Wilhelm, Suntrust, or Fortune Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.