Advisor Alert: Our Attorneys Are Investigating Shane Michael Elsbury For Investment Fraud
Did You Lose Money Because of Shane Elsbury?
Filed: March 14, 2024
Shane Elsbury has been the subject of two (2) customer complaints. 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 Shane Michael Elsbury.
Who Is Shane Michael Elsbury of Transamerica Financial Advisors, Inc.?
- Advisor Name: Shane Michael Elsbury
- Aliases: Shane Elsbury
- CRD: 5661717
- Location: Floyds Knobs, Indiana
- Current Employer: Transamerica Financial Advisors, Inc.
- Previous Firms: American Equity Investment Corporation
- Number of Known Customer Complaints: 2
- Can Shane Elsbury Be Sued: Yes, in Private Arbitration
- Can Shane Elsbury’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $150,000
- Highest Settlement: $40,000
If you have suffered investment losses by Shane Elsbury, 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 Shane Elsbury For Broker Misconduct
As of this publication date, Shane Elsbury has been the subject of 2 customer disputes. Let’s review them below.
In November 2022, a FINRA arbitration was filed against or in reference to Shane Elsbury by a customer of American Equity Investment Corporation alleging that the bond was unsuitable and the respondent did not sufficiently convey the risks involved. Per the customer, he/she lost over $150,000 because of Mr. Elsbury’s actions. On September 6, 2023, Mr. Elsbury settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Elsbury’s employer and/or insurance carrier.
In August 2022, a FINRA arbitration was filed against or in reference to Shane Elsbury by a customer of American Equity Investment Corporation alleging that the bond was unsuitable and the respondent did not sufficiently convey the risks involved. Per the customer, he/she lost over $25,000 because of Mr. Elsbury’s actions. On November 15, 2022, Mr. Elsbury settled the claim for $9,000, and some or all of this amount may have been paid by Mr. Elsbury’s employer and/or insurance carrier.
How To File A Claim Against Shane Elsbury of Transamerica Financial Advisors, Inc. (previously with American Equity Investment Corporation) To Get Your Money Back
If you have questions about Shane Elsbury, Transamerica Financial Advisors, Inc., American Equity Investment Corporation, 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.