Shane Michael Elsbury, of New Albany, Indiana, a stockbroker registered with American Equity Investment Corporation, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Elsbury made the unsuitable investment recommendation of corporate bonds during the time that Elsbury was associated with American Equity Investment Corporation. FINRA Arbitration No. 22-02667 (September 6, 2023).
This is not the first time that Elsbury has been referenced in a customer initiated investment related dispute concerning Elsbury’s conduct in the securities industry. FINRA Public Disclosure shows that Elsbury was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $9,000.00 in damages based upon allegations that Elsbury made the unsuitable investment recommendation of corporate bonds when Elsbury was associated with American Equity Investment Corporation. FINRA Arbitration No. 22-01808 (November 15, 2022).
Elsbury was associated with American Equity Investment Corporation in New Albany, Indiana from May 1, 2009, to September 6, 2023. He has been associated with Transamerica Financial Advisors Inc. in Floyds Knobs, Indiana since August 28, 2023.
