Santa Barbara Stockbroker Suspended for Improper Sales of Private Securities

Travis Shannon of Morgan Stanley has been suspended for improperly selling $1.885 million in private securities. Private securities are investments that are not publicly traded or listed on a stock exchange. The incentive to sell private securities—which are often extremely risky—is high. Mr. Shannon received 10% commissions for these sales. If you suffered investment losses in private securities, contact the attorneys at Investor Defense Law LLP to determine whether you have a claim that would allow you to recover your losses.

Investor Defense Law LLP is a law firm dedicated to helping investors in California, Georgia, and Washington recover losses caused by stockbrokers, financial advisers, or investment firms. To learn more, contact an investment fraud attorney at 800.487.4660.