Laura Ortega Shean of Medford Oregon is a stockbroker formerly registered with LPL Financial LLC who has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that she converted a customer’s funds. Letter of Acceptance Waiver and Consent, No. 2017056236901 (Apr. 3, 2018).
According to the AWC, from March of 2017 to October of 2017, $124,000.00 in tax payments had been made by Shean to the Internal Revenue Service for Shean’s own personal benefit despite Shean having inappropriately caused the Internal Revenue Service to retrieve the funds from a brokerage account owned by one of the firm’s customers. FINRA concluded that Shean converted the customer’s funds; conduct violative of FINRA Rules 2010 and 2510(a).
FINRA Public Disclosure confirms that Shean was fired by LPL Financial on November 2, 2017 founded on allegations that Shean admitted to having accessed the funds belonging to the customer for Shean’s own personnel use.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
