Category Archives: Stonegate Capital Markets

Jesse Shelmire-Stonegate Capital Markets Broker-Sanctioned by Regulators Over IRS Liens

November 2016- Dallas, Texas

The FINRA records of  Jesse B. Shelmire, IV,  a  stockbroker who is currently  employed by  Stonegate Capital Markets, Inc.  disclose 2 prior regulatory events that are final, a pending investigation and 2 outstanding judgement/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

On November 17, 2016, Texas Securities Commissioner John Morgan entered an Order suspending Shelmire for 120 days beginning November 21, 2016, to resolve allegations that Shelmire failed to timely amend Form U4 to disclose Internal Revenue Service liens in the amounts of $215,556 and $72,361. On October 24, 2016, Shelmire entered into an acceptance, waiver and consent (AWC) with the Financial Industry Regulatory Authority (FINRA) in which FINRA found that Shelmire wilfully failed to disclose the liens within 30 days of learning of them. He was fined $5,000 and suspended 90 days by FINRA.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

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