Shannon Braymen and Braymen, Lambert and Noel Securities Investment Losses

Stoltmann Law Offices is investigating Shannon Braymen and Braymen, Lambert and Noel Securities, who entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Braymen was a registered representative with BLNS. BLNS, acting through Shannon Braymen, failed to supervise its private placement securities business and the actions of its registered representatives in two of its offices and also failed to register those two branch office locations. They also failed to conduct adequate branch office inspections and had inadequate written supervisory procedures regarding inspections of those locations. The firm also failed to capture, review and retain certain email correspondence and failed to enforce its WSPs regarding documenting reviews of other email correspondence from April 2007 until November 2011. FINRA rules require firms and their representatives to properly supervise the sale of private placements and to have written supervisory rules in effect. If not, the firm can be held liable for investment losses. BLNS was censured and fined $70,000 and Braymen was fined $20,000 and suspended from association with any member firm for one month.

Shannon Braymen was registered with Walch Financial Services in San Antonio, Texas from April 1995 until November 1995 and Presidio Financial Services in San Antonio from August 1996 until November 2002. She is currently registered with Braymen, Lambert and Noel Securities in San Antonio and has been since March 2003. If you lost money with Shannon Braymen or BLNS, please call our securities law firm in Chicago at 312-332-4200 to speak to an attorney about your options. We sue firms such as BLNS for investment losses in the FINRA arbitration forum. The call is free with no obligation.