Shane Rene Falcon of Miami, Florida, a stockbroker formerly registered with National Securities Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Falcon made unsuitable transactions with regard to the recommendation and sale of private placements when Falcon was associated with National Securities Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00517 (June 29, 2021).
This is not the first time that Falcon has been referenced in a customer initiated investment related dispute concerning Falcon’s conduct in the securities industry. FINRA Public Disclosure shows that Falcon is also referenced in a customer initiated investment related complaint on June 12, 2015, in which the customer requested compensatory damages based upon allegations that Falcon made excessive transactions in connection with the recommendation and sale of over-the-counter equities when Falcon was associated with National Securities Corp.
Falcon was associated with National Securities Corp from 2013 to 2020, CBG Financial Group from 2009 to 2013, and GunnAllen Financial Inc. in 2009.