Advisor Alert: Our Attorneys Are Investigating Shawn Conan Spellacy For Investment Fraud
Did You Lose Money Because of Shawn Spellacy?
Filed: January 16, 2024
Shawn Spellacy currently has one (1) pending customer complaint and five (5) pending Judgment/Lien events. Overall, he has been the subject of five (5) judgment/lien events and three (3) 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 Shawn Conan Spellacy.
Who Is Shawn Conan Spellacy of Calton & Associates, Inc.?
- Advisor Name: Shawn Conan Spellacy
- Aliases: Shawn C Spellacy
- CRD: 2275119
- Location: Fair Oaks, California
- Current Employer: Calton & Associates, Inc.
- Previous Firms: Fortis Investors, Inc. and G. R. Phelps & Co., Inc.
- Number of Known Customer Complaints: 3
- Number of Known Judgment/Lien Events: 5
- Can Shawn Spellacy Be Sued: Yes, in Private Arbitration
- Can Shawn Spellacy’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $719,415
- Highest Settlement: $99,999
If you have suffered investment losses by Shawn Spellacy, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 Shawn Spellacy For Broker Misconduct
As of this publication date, Shawn Spellacy has been the subject of 3 customer disputes and 5 Judgment/lien events. Let’s review them below.
In June 2023, a complaint was filed against or in reference to Shawn Spellacy by a customer of Calton & Associates alleging that from 2018 and on, Mr. Shawn Spellacy made risky and unsuitable investments in the client’s trust account resulting in losses of over $700,000. Per the customer, he lost over $719,415 because of Mr. Spellacy’s actions. As of this publication date, this complaint remains pending.
In August 2012, a FINRA arbitration was filed against or in reference to Shawn Spellacy by a customer of Calton & Associates alleging misrepresentation, omission, violation of California Corp. securities law, breach of fiduciary duty, and violation of NASD conduct rules. Per the customer, he/she lost over $200,000 because of Mr. Spellacy’s actions. On August 14, 2013, Mr. Spellacy settled the claim for $99,999, and some or all of this amount may have been paid by Mr. Spellacy’s employer and/or insurance carrier.
In June 2016, Shawn Spellacy was the subject of a civil judgment or lien in the amount of $58,753.75. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In May 2016, Shawn Spellacy was the subject of a civil judgment or lien in the amount of $47,362.70. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In April 2016, Shawn Spellacy was the subject of a civil judgment or lien in the amount of $1,751.42. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2015, Shawn Spellacy was the subject of a civil judgment or lien in the amount of $431,420.34. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In June 2011, Shawn Spellacy was the subject of a civil judgment or lien in the amount of $20,433. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In January 2009, a complaint was filed against or in reference to Shawn Spellacy by a customer of Calton & Associates alleging misrepresentation, breach of fiduciary duty, and due diligence. Per the customer, he/she lost over $600,000 because of Mr. Spellacy’s actions. On October 20, 2009, Mr. Spellacy settled the claim for $50,010, and some or all of this amount may have been paid by Mr. Spellacy’s employer and/or insurance carrier.
How To File A Claim Against Shawn Spellacy of Calton & Associates, Inc. (previously with Fortis Investors, Inc. and G. R. Phelps & Co., Inc.) To Get Your Money Back.
If you have questions about Shawn Spellacy, Calton & Associates, Fortis Investors, Inc., G. R. Phelps & Co., Inc., 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.