Mick Shonsey: Concentration Complaint Against Ex-Cetera Advisor

An investor complaint recently filed against Omaha financial advisor Mick Shonsey (CRD# 422524) alleges that he engaged in violations of securities industry rules and standards, resulting in losses. Financial Industry Regulatory Authority records show that he is currently registered as a broker with Brokers International Financial Services and as an investment advisor with Brokers Financial.

Mr. Shonsey’s BrokerCheck report discloses one investor complaint. Filed in January 2023, it alleges that as a representative of Cetera Advisors, he made unsuitable investment recommendations involving real estate securities and over-concentrated investments in the customer’s account. The pending complaint alleges unspecified damages believed to be at least $5,000.

According to the Financial Industry Regulatory Authority, Mick Shonsey holds 51 years of securities industry experience. Based in Omaha, Nebraska, he has been registered as a broker with Brokers International Financial Services and as an investment advisor with Brokers Financial since March 2022. His registration history includes LPL Financial (Omaha, Nebraska; 2020-2022), Cetera Advisors (Omaha, Nebraska; 2012-2020), Securities America (Omaha, Nebraska; 2004-2012), GWR Investments (Omaha; 2001-2004), Morgan Stanley DW (Purchase, New York; 1990-2001), Merrill Lynch (New York, New York; 1979-1990), Piper Jaffray & Hopwood (1978-1989), Reinholdt & Gardner (1977-1978), Dain Kalman & Quail (1976-1977), St. Paul Investors (1971-1976), and Industry Savings Plan (1970-1971).

Mr. Shonsey’s credentials include the passage of eleven securities industry qualifying exams: the NYSE Branch Manager Examination, or Series 12; the Registered Options Principal Examination, or Series 4; the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the Registered Representative Examination, or Series 1; the General Securities Representative Examination, or Series 7; the AMEX Put and Call Exam, or PC; the Interest Rate Options Examination, or Series 5; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Iowa, Missouri, Nebraska, North Dakota, and Texas. (Information current as of April 1, 2023.)

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