Broker Paul G. Shea Permanently Barred by FINRA

Broker Paul G. Shea (“Shea”)(CRD# 2868966) was permanently barred by FINRA commencing on July 16, 2015, for failing to respond to a FINRA request for information, pursuant to FINRA Rule 9552(d). Shea is barred from association with any FINRA member in any capacity. Shea failed to request termination of his suspension within 3 months of the date of his Notice of Suspension, and therefore, was automatically barred by FINRA (FINRA Rule 9552(h)).

Shea first became a registered securities broker in 1997 and was registered with Morgan Stanley DW Inc., from April 1997 – January 2006 (employed in Purchase, NY); and Wells Fargo Advisors, LLC from January 2006 – August 2014 (employed in Baltimore, MD).

According to FINRA, in 2014 a customer accused Shea of “investments that were an extreme departure from their investment directives” and “lack of contact from financial advisor, and financial losses.” Shea settled the claim with the customer in the amount of $25,000.

If you invested money with Paul G. Shea or his firms and suffered losses, you may be entitled to recover some or all of those investment losses. Please call our securities law firm toll free at (800) 975-4345 to speak with an experienced attorney and to find out how we may be able to help you to regain some or all of your losses. Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful in your lawsuit.