Jason Andrew Shelby, of Memphis, Tennessee, a stockbroker formerly registered with FSC Securities Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $286,913.28 in damages based upon allegations that Shelby overconcentrated the customer’s accounts in real estate securities when Shelby was associated with FSC Securities Corporation. FINRA Arbitration No. 20-01064 (January 3, 2022).
This is not the first time that Shelby has been referenced in a customer initiated investment related dispute concerning Shelby’s conduct in the securities industry. FINRA Public Disclosure shows that Shelby is also referenced in a customer initiated investment related civil action that was settled for $40,000.00 in damages based upon allegations that Shelby made unsuitable recommendations in variable annuities during the time that Shelby was associated with FSC Securities Corporation. Civil Action No. CT-002492-16 (Dec. 20, 2016).
Shelby was associated with FSC Securities Corporation in Memphis, Tennessee from October 19, 2006, to November 3, 2023. He has been associated with Osaic Wealth Inc. in Memphis, Tennessee since November 3, 2023.
