Israels & Neuman, PLC Investigates Dustin Shafer, Formerly with Money Concepts Capital
Have you lost money with financial advisor Dustin Paul Shafer, formerly with Money Concepts Capital in Springfield, Illinois? The Law Firm of Israels & Neuman is investigating allegations of customers related to Dustin Shafer. It has been alleged that Shafer offered to sell investments in GPB Capital to his customers, as well as REITs (real estate investment trusts). GPB Capital has been the subject of regulatory investigations, and investors have suffered significant losses in GPB.
Dustin Paul Shafer was a registered representative of Money Concepts Capital from 2008 to July 2019. He has also been with Newbridge Securities Corp. from September 2019 to the present. He has worked at a branch office in Springfield, Illinois. Shafer has also been the subject of several tax liens.
Brokerage firms like Money Concepts Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration in all 50 states, including over 150 investors in the past from throughout the Chicagoland area, Northern Illinois, and Central Illinois.
Attorney David Neuman was born in Berwyn, Illinois and grew up in the western suburbs in Addison. He earned a degree in Finance at the University of Illinois in Urbana-Champaign before earning his law degree at Northern Illinois University in DeKalb, Illinois. Mr. Neuman also previously worked for a number of Chicago area law firms, including firms in St. Charles, Geneva, Chicago, and Barrington. He also previously lived in the Ravenswood neighborhood on the north side of Chicago.