Advisor Alert: Our Attorneys Are Investigating Cliff William Shirah For Investment Fraud
Did You Lose Money Because of Cliff Shirah?
Filed: March 4, 2024
Cliff Shirah (also known as Clifford William Shirah Jr) has been the subject of one (1) regulatory event, one (1) termination event, and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Cliff William Shirah.
Who Is Cliff William Shirah of Cabot Lodge Securities LLC and CL Wealth Management LLC?
- Advisor Name: Cliff William Shirah
- Aliases: Clifford William Shirah Jr
- CRD: 2767896
- Location: Blue Ridge, Georgia
- Current Employer: Cabot Lodge Securities LLC and CL Wealth Management LLC
- Previous Firms: SB Advisory, LLC and IFS Securities
- Number of Known Customer Complaints: 1
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Cliff Shirah Be Sued: Yes, in Private Arbitration
- Can Cliff Shirah’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $49,000
- Highest Settlement: $24,500
If you have suffered investment losses by Cliff Shirah, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Cliff Shirah For Broker Misconduct
As of this publication date, Cliff Shirah has been the subject of 1 regulatory event, 1 termination event, and 1 customer dispute. Let’s review them below.
In May 2023, a FINRA arbitration was filed against or in reference to Cliff Shirah by a customer of Concourse Financial Group Securities, Inc. alleging that Mr. Shirah recommended an unsuitable investment. Per the customer, he/she lost over $49,000 because of Mr. Shirah’s actions. On December 11, 2023, Mr. Shirah settled the claim for $24,500, and some or all of this amount may have been paid by Mr. Shirah’s employer and/or insurance carrier.
In April 2018, Michigan initiated a regulatory action against or in reference to Cliff Shirah for engaging in dishonest or unethical behavior in the securities industry within the previous ten years, which supports the denial of his registration application under the above-cited provisions of the Michigan Uniform Securities Act (2002), 2008 PA 551, MCL 451.2101 et seq.
In January 2018, Proequities terminated Cliff Shirah for submitting client paperwork with signature irregularities. Mr. Shirah admitted to: (a) signing client initials with customer permission; and (b) signing client names. The firm does not believe actions were undertaken for monetary gain and did not identify any client harm.
How To File A Claim Against Cliff Shirah of Cabot Lodge Securities LLC and CL Wealth Management LLC (previously with SB Advisory, LLC and IFS Securities) To Get Your Money Back
If you have questions about Cliff Shirah, Cabot Lodge Securities LLC, CL Wealth Management LLC, SB Advisory, LLC, IFS Securities, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.