November 3, 2023 – An AWC was issued in which Shey was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for four months. Without admitting or denying the findings, Shey consented to the sanctions and to the entry of findings that he willfully failed to amend his Form U4 to disclose four felony charges. The findings stated that the State of Florida charged Shey with two felony counts of submitting a false insurance application and two felony counts of submitting a fraudulent insurance claim. Shey was aware of the felony charges but failed to amend his Form U4 within 30 days, or at any point during his association with his member firm. The charges were later dismissed.
The suspension is in effect from November 6, 2023, through March 5, 2024. (FINRA Case #2022076673601)
Matthew Schwartz
Matthew Schwartz represents clients harmed by lawyers, accountants, insurance professionals, real estate agents, brokers, financial advisors, and other trusted professionals. He handles Florida litigation and nationwide FINRA arbitration. He has been recognized in The Best Lawyers in America® and named to the Best Law Firms® list.
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