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Stock Broker Investigation: Shawn deVillier

The securities fraud law firm of Fitapelli Kurta recently filed a claim against Raymond James & Associates, Inc. on behalf of a customer located in Hawaii.  The claim stems from the misconduct of a broker named Shawn deVillier.  Mr. deVillier was registered with Raymond James & Associates, Inc. from April 2006 until October 2011.  He is currently employed with Winslow, Evans & Crocker, Inc.

The complaint alleges that Shawn deVillier recommended inappropriate investments and executed a number of trades without the customer’s authorization.  Trading in customer accounts without their explicit authorization is a violation of both SEC and FINRA rules.   As a result of this activity, the client sustained substantial losses to her retirement nest egg and is seeking to recover her damages.

Shawn deVillier’s FINRA BrokerCheck Report indicates that he was the subject of at least five (5) customer initiated complaints, two (2) of which were settled.  Most of the complaints against Shawn deVllier involve unauthorized trading or inappropriate investment recommendations.  His BrokerCheck Report also indicates that he owes the federal government over $103,231.96 in federal taxes.

In September 2011, Shawn deVillier was terminated from his employment at Raymond James & Associates, Inc. for executing unauthorized trading in his client’s accounts.  The company alleged that, following a review of Mr. deVillier’s business practices, the firm alleged that he had violated firm rules and regulations by executing unauthorized trades in customer accounts.

If you or someone you know has invested with Shawn deVillier, Raymond James & Associates, Inc. or Winslow, Evans & Crocker, Inc. and have a complaint regarding their conduct, please contact the investment fraud attorneys at Fitapelli Kurta.  We handle cases nationwide and work on a contingency fee basis.  This means that if we do not recover anything on your behalf, you will not be charged anything.  Please call us today for your free consultation.

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