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FINRA Suspends Broker Shane Jason Kelly

Shane Jason Kelly (CRD# 3152000) was recently suspended by FINRA. He was previously registered as a broker and investment advisor, but currently has no registrations. His last known employer was IFP Advisors, Inc. (CRD# 125112) of Tampa, FL.

Kelly’s previous employers include:

  • LPL Financial, (CRD# 6413) of Port Lucie, FL, from 08/19/2014 to 06/19/2017
  • Suntrust Investment Services, Inc. (CRD# 17499) of Delray Beach, FL, from 12/12/2011 to 08/14/2014
  • PNC Investments, Inc. (CRD# 129052) of Loxahatchee, FL from 11/17/2009 to 12/09/2011
  • Key Investment Services, Inc. (CRD# 136300 ) of Ogden, UT, from 11/18/2008 to 07/01/2009
  • LPL Financial Corporation (CRD# 6413) of Ogden, UT, from 09/18/2007 to 11/21/2008
  • XCU Capital Corporation (CRD# 19899) of West Jordan, UT, from 12/13/2006 to 09/12/2007
  • H&R Block Financial Advisors (CRD# 5979) of Salt Lake City, UT, from 07/29/2005 to 12/07/2006
  • B. Hanauer & Co., (CRD# 6958) of Parsippany, NJ, from 09/20/2002 to 08/04/2005
  • Wachovia Securities, Inc., (CRD# 19616) of St. Louis, MO, from 03/12/2002 to 06/27/2002
  • Merrill, Lynch, Pierce, Fenner & Smith, Inc., (CRD# 7691) of New York City, from 11/01/1999 to 03/04/2002
  • Prudential Securities, Inc., (CRD# 7471) of New York City, from 05/12/1999 to 10/19/1999
  • Baxter, Banks & Smith, Limited (CRD# 40771) of St. Petersburg, FL from 05/12/1999 to 06/30/1999 (FINRA expelled this firm on 03/29/2001.)

Kelly was recently suspended after failing to respond to FINRA’s request for information. No additional allegations were listed. It was filed on 1/3/2018, began on 1/29/2018 and lasted for 3 months. That suspension ended on March 23, 2018.

He was also discharged from two employers after allegations in 2017:

  • From IFP Advisors on 8/17/2017, discharged for “Short-term trading of unit investment trusts and corporate bonds.”
  • From LPL Financial, LLC on 5/18/2017, discharged for “Short-term trading of unit investment trusts and corporate bonds.”

Kelly has been the subject of three customer disputes:

  • On 5/17/2017, a customer alleged “excessive and unauthorized trading,” for which they requested $18,743.00 in damages. LPL Financial settled for $18,743.00.
  • On 2/18/16, a customer filed a complaint with allegations of ”The client’s attorney filed arbitration alleging lack of suitability in connection with purchases of an AIG fixed annuity and two unit investment trusts.” Damages were requested at $100,000; LPL Financial settled for $38,000.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct.  Most cases handled on a contingent fee basis. This means that you won’t any pay legal fees unless we are successful. Call us toll free at 800-975-4345, or user our online contact form to get in touch.

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