Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shannon Crotty (Crotty), previously associated with Blue Sand Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Crotty recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.01 on May 24, 2021.
Claimants allege they were harmed by the sales of securities by two former Registered Representatives of Blue Sand Securities. The two former Registered Representatives were involved in an approved Outside Business Activity which claimant(s) state they were sold the securities of. The Statement of Claim does not state the exact date the claimants made investments in a private company and instead the claim lists the following months as to when investments in a private company claim to have been made – the months being April 2019, September 2019 or November 2019.