Shawn Spellacy of Fair Oaks, California, a stockbroker registered with Calton Associates Inc., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $719,415.00 in damages based upon allegations that Spellacy made unsuitable recommendations in stocks during the time that Spellacy was associated with Calton Associates Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 23-01841 (June 26, 2023).
This is not the first time that Spellacy has been referenced in a customer initiated investment related dispute concerning Spellacy’s conduct in the securities industry. Public Disclosure shows that Spellacy is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $99,999.00 in damages based upon allegations that Spellacy breached his fiduciary duty, made misrepresentations and omissions of material fact, and violated California securities laws and industry rules when Spellacy was associated with Calton Associates Inc. FINRA Arbitration No. 12-02727 (August 14, 2013).
On January 29, 2009, a customer initiated investment related civil action involving Spellacy’s conduct was settled for $50,010.00 in damages based upon allegations that Spellacy breached his fiduciary duty, made misrepresentations of material facts, and failed to perform due diligence in connection with the sale of 1031 exchange products. Civil Action No. 4579.
Spellacy has been associated with Calton Associates Inc. in Fair Oaks, California, since May 5, 1999, as a stockbroker broker and since May 25, 2004, as an investment adviser representative.
