Shawn Michael Tyler, also known as Shawn Tyler, a stockbroker formerly registered with American Trust Investment Services Inc. in Whiting, Indiana, has been sanctioned by Financial Industry Regulatory Authority (FINRA) for falsifying documents related to two senior customers. According to FINRA’s findings, Tyler electronically signed the customers’ names, reused signature pages, and added false dates to forms, resulting in inaccurate firm records. These actions violated FINRA Rules 2010 and 4511. Letter of Acceptance, Waiver, and Consent (AWC) No. 2023079152401.
On October 16, 2024, FINRA imposed a 45-day suspension on Tyler, barring him from associating with any FINRA member in any capacity. The suspension began on November 18, 2024, and is scheduled to end on January 1, 2025. Tyler also agreed to pay a $5,000 fine as part of FINRA’s Acceptance, Waiver, and Consent (AWC) agreement.
Following the allegations, Tyler voluntarily resigned from American Trust Investment Services Inc. on October 22, 2024. The securities broker dealer claimed that Tyler falsified documents by electronically signing the names of customers and backdating forms.
Tyler was previously involved in a customer-initiated complaint while registered with Questar Capital Corporation. Filed on June 9, 2016, the complaint alleged misrepresentation regarding the sale of a fixed index annuity issued on January 26, 2015. The customer sought $20,000 in damages. On August 2, 2016, the matter was resolved when the issuing insurance company refunded the $20,000 premium.
Tyler was registered with American Trust Investment Services Inc. from November 29, 2019, to October 31, 2024, and with Forest Securities Inc. in Hillside, Illinois, from July 1, 2016, to December 6, 2019.