Matthew Wayne Shaughnessy (also known as Matthew Shughnessy), of Henderson, Nevada, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on March 23, 2023, in which the customer requested $200,000.00 in damages based upon allegations that Shaughnessy made misrepresentations of material fact and made unsuitable recommendations of unit investment trusts (UITs) during the time that Shaughnessy was associated with Ameriprise Financial Services LLC. The securities broker dealer denied this complaint.
This is not the first time that Shaughnessy has been referenced in a customer initiated investment related dispute concerning Shaughnessy’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Shaughnessy was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $681,817.62 in damages based upon allegations that Shaughnessy failed to supervise margin use in the customer’s account when Shaughnessy was associated with Morgan Stanley. FINRA Arbitration No. 08-04876 (November 20, 2009).
Shaughnessy has been associated with Ameriprise Financial Services LLC as a stockbroker since August 17, 2018, and as an investment advisor representative since August 19, 2018.
