Brian Shevland Suspended After FINRA Allegations – May Recover Investor Losses

Brian Shevland Suspended After FINRA Allegations – Goodman & Nekvasil, P.A., May Recover Investor Losses

Broker, Brian Shevland suspended after FINRA allegations.

CRD#: 4570496

Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.  

BRIAN C. SHEVLAND (CRD#: 4570496), a broker for MCG SECURITIES LLC, in Wayne, PA, was suspended by FINRA after allegations.

FINRA alleged that Shevland made negligent misrepresentations about the performance of two private equity funds (the Funds) to investors.

The findings stated that Shevland caused the Funds to invest more than $20 million in a separate private equity fund, which was managed by a former employer of Shevland. The Funds created documents that contained materially inaccurate performance results, which Shevland distributed and directed others at the Funds to distribute to investors on a regular basis. Subsequently, the manager of the Master Fund was arrested and charged with securities fraud in connection with her operation of the Master Fund. The Master Fund is subject to a receivership and losses to investors in the Funds have yet to be ascertained.



Brian Shevland Suspended by FINRA

Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients. 

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors.  The  firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 3/04/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.

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