Swan Sihua Shen (Swan Shen) a/k/a Swan Zhang Suspended from Securities Industry and Fired by CUNA Brokerage Services, Inc. – Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses - Swan Sihua Shen (Swan Shen) a/k/a Swan Zhang Suspended from Securities Industry and Fired by CUNA Brokerage Services, Inc.
From 2001 until Swan Shen’s firing in 2013, Swan Shen was licensed with CUNA Brokerage Services, Inc. Swan Shen was subsequently licensed with Cantella & Co., Inc. Swan Shen is now licensed with Capital Financial Services, Inc. According to FINRA’s records, Swan Shen was fired by CUNA Brokerage Services, Inc. on August 31, 2013. CUNA Brokerage Services, Inc. reported to FINRA that repeated violation of firm policies occurred which led to Swan Shen’s termination, including: cut and paste of client signatures; altering forms; and creating consolidated customer statements which were then provided to certain clients without pre-approval.
Subsequent to Swan Shen’s firing by CUNA Brokerage Services, Inc. FINRA investigated Swan Shen and brought a disciplinary action against Swan Shen. Swan Shen consented to a $5,000 fine and a 1 month suspension from the securities and investment banking industry. Swan Shen also consented to findings that Swan Shen used copy and paste to place non-genuine signatures of four separate customers on two mutual fund order forms (MFOFS) and one account application.
FINRA also reports that Swan Shen was placed on heightened supervision by the State of Maine and the State of Massachusetts.
If you lost any money on investments with Swan Shen, you may be able to recover your losses from CUNA Brokerage Services, Inc., Cantella & Co., Inc. and/or Capital Financial Services, Inc. This is because CUNA Brokerage Services, Inc., Cantella & Co., Inc. and Capital Financial Services, Inc. had a duty to supervise Swan Shen.
If you lost money on investments with Swan Shen and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against CUNA Brokerage Services, Inc., Cantella & Co., Inc. and/or Capital Financial Services, Inc. concerning Swan Shen’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq, formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered approximately $300 million on behalf of victimized investors. If you lost money on investments with Swan Shen and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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