Dustin Paul Shafer (Dustin Shafer) – Customer Disputes Filed Involving Financial Advisor/Broker Dustin Shafer | Goodman & Nekvasil P.A. May Recover Investor Losses
-Update 1/19/21- Dustin Paul Shafer was barred from the securities industry by FINRA, after Shafer consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with an investigation into whether he borrowed money from a customer without pre-approval from his member firm.
Dustin Shafer was a previously licensed financial advisor/broker with Money Concepts Capital Corp.
According to Dustin Shafer’s BrokerCheck report, customer disputes have been filed alleging sales practice violations against Dustin Shafer.
Customer Dispute 6/1/20: Clients are alleging unsuitable investment recommendations, misrepresentation and omission, violation of Illinois Securities Law and Regulations of 1953, violation of the Illinois Consumer Fraud & Deceptive Practices Act, Breach of Fiduciary Duty, violation of FINRA Rule 3110, negligence and breach of contract. This customer dispute is pending.
Customer Dispute 1/27/20: Customer alleges the investment was not explained and that he was guaranteed a monthly dividend. Customer also alleges losses due to a devaluation of the offering. This customer dispute is pending and seeks $175,000 in damages.
Customer Dispute 1/3/20: Customer purchased alternative investments beginning in 2013 and is alleging these were misrepresented. Statement of claim alleges violation of Illinois securities laws, breach of fiduciary duty, negligence and violation of FINRA rules. This customer dispute is pending and seeks $454,000 in damages.
Goodman & Nekvasil, P.A. May Recover Investor Losses
If you lost any money on investments with Dustin Shafer, you may be able to recover your losses. If you lost money on investments with Dustin Shafer 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 concerning Dustin Shafer’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Dustin Shafer 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.
Some of the information in this blog post was obtained on 6/18/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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