UPDATE 1/21/2020: Shawna Lynn Choate (CRD #2432397, Denver, Colorado) January 21, 2020 – An Offer of Settlement was issued in which Choate was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the allegations, Choate consented to the sanctions and to the entry of findings that she falsified dozens of forms by using a stamp to affix a registered principal’s signature to the forms. The findings stated that the signature represented that the principal had reviewed and approved deposits of penny stocks even though the principal had not done so. The falsified forms were subsequently provided to a clearing firm and FINRA. The suspension is in effect from February 3, 2020, through April 2, 2020. (FINRA Case # 2016051209103)
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Shawna Choate. If you suffered losses investing with Shawna Choate, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Shawna Choate (CRD# 2432397)
As of April 9, 2020, Shawna Choate’s FINRA BrokerCheck Report contains the following:
Disclosure Events
1 Regulatory Event(s)
1 Financial Disclosure(s)
Current and Previous Registrations
01/03/2019 – 01/14/2020 CAMBRIA CAPITAL, LLC (CRD#:133760) CENTENNIAL, CO
08/08/2012 – 12/31/2018 SPENCER EDWARDS, INC. (CRD#:22067) CENTENNIAL, CO
FINRA expelled the firm on 09/16/2019
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Shawna Choate and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
