Shannon Roehrs Allegedly Made Unauthorized Trades
Shannon Roehrs (CRD# 4359877), a broker registered with Merrill Lynch, engaged in unauthorized trading, according to an investor dispute. MDF Law is currently investigating the Las Vegas, Nevada-based financial professional for similar conduct. We urge current or former clients with concerns about their accounts to contact us for a free consultation.
To learn more about Ms. Roehrs’ history as a broker, continue reading this post. The information below can be found in her BrokerCheck profile, a Financial Industry Regulatory Authority record examined on February 24, 2025.
Pending Dispute Seeks $2 Million in Damages
On November 27, 2024, an investor filed a dispute involving Ms. Roehrs. Stemming from a stock investment, the claim alleges unauthorized trading, unsuitable investment recommendation, the failure to act in the customer’s best interest, and misrepresentation. The dispute, which is still pending, seeks more than $2.3 million in alleged damages.
FINRA Rules Prohibit Unsuitable Recommendations
The allegations in the above-described dispute include some common forms of broker misconduct. Perhaps one of the most important is the allegation of unsuitable investment recommendations. According to various FINRA rules, brokers are required to recommend only investments considered suitable for their clients. In order to make this determination, they take into consideration such factors as the customer’s net worth, income, risk tolerance, investment objectives, and investment goals.
Consider the example of an illiquid non-traded real estate investment trust, or REIT. This would probably be considered unsuitable for an investor with a low risk tolerance and liquidity needs. A broker who represented the investment as liquid, meanwhile, may be found liable for misrepresentation. This occurs when brokers inaccurately or misleading represent information that investors need to make informed decisions.
What Is Unauthorized Trading?
Generally speaking, FINRA rules prohibit brokers from engaging in unauthorized trading. One such standard is FINRA Rule 2010. This makes clear that brokers must observe high standards of commercial honor when they conduct securities transactions. In a similar vein, FINRA Rule 3260 staunchly forbids the exercise of discretionary trading without a customer’s prior written authorization and the firm’s written approval. Finally, FINRA Rule 2020 prohibits brokers from using “manipulative, deceptive, or other fraudulent device[s] or contrivance[s]” to as they go about trading securities.
FINRA: Shannon Roehrs Based in Las Vegas, Nevada
Ms. Roehrs kicked off her career as a broker in 2001, when she registered with UBS Painewebber. Over the following decades, she went on to work at firms including Wachovia Securities, Morgan Stanley, and Banc of America Investment Services. In 2009 she joined Merrill Lynch’s office in Las Vegas, where she remains today. With 23 years of experience as a broker, she has completed seven industry exams, including the Series 9.
Call MDF Law for a Free Consultation Today
Are you a current or former customer of Shannon Roehrs with concerns about your investments? You may be able to recover losses. Contact MDF Law to chat with an attorney about whether the FINRA arbitration process is right for you. Our lawyers have recovered millions of dollars for our clients, and we offer free consultations across the US. You may have a limited time to initiate this process, so call 800-767-8040 to chat with a lawyer today.