Published On: December 1, 2015

Stoltmann Law Offices is investigating Travis Shannon, a former financial advisor with Morgan Stanley Smith Barney. Shannon was accused of participating in outside business activities. This is also referred to as “selling away” and is when a broker sells a security that is not held or offered by his member firm. It is against securities rules and regulations and is used to generate large commissions for the broker. The Financial Industry Regulatory Authority (FINRA) alleged that Shannon sold a number of investments in three companies to his customers: Aerobat Aviation Inc., TC and Zindigo. Shannon was the CEO of Aerobat Aviation, TC bought and sold used computer network equipment. Zindigo was a social commerce platform for the fashion industry. If you invested money with Travis Shannon, you may be able to recover your losses in the Financial Industry Regulatory Authority (FINRA) arbitration process. We may be able to help you do so. We are securities attorneys who sue firms when they may be liable for investment losses because of their inability to properly supervise their brokers.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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