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Dylan Shepherd: Oil & Gas Complaint Against Lincoln Financial Advisor
Salt Lake City financial advisor Dylan Shepherd (CRD# 3255096) allegedly recommended an unsuitable investment, according to a recent investor complaint. Records maintained by the Financial Industry Regulatory Authority indicate that he is currently registered as a broker and an investment advisor with Lincoln Financial Advisors Corporation.
Mr. Shepherd’s BrokerCheck report discloses one investor complaint. Filed in May 2023, it alleges that as a representative of Lincoln Financial Advisors Corporation, he recommended an unsuitable oil and gas product. The pending complaint alleges damages of $40,000.
Investors should be aware that the term suitability describes an investment’s appropriateness for an investor’s background and objectives. FINRA Rule 2111 requires that brokers recommend only investments and strategies that are considered appropriate—or suitable—for an investor’s investment experience, goals, net worth, risk tolerance, income, and other factors. Suitability requirements, to be clear, are not fiduciary requirements, which require investment advisers to place their customer’s interests over their own interests. Representatives who recommend unsuitable investments may be held liable for damages.
According to the Financial Industry Regulatory Authority, Dylan Shepherd holds 23 years of securities industry experience. Based in Salt Lake City, Utah, he has been a broker and an investment advisor with Lincoln Financial Advisors Corporation since 2009. He was previously registered with Citigroup Global Markets in Salt Lake City, Utah from 1999 to 2009. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, Oregon, Utah, Washington, and Wyoming. (Information current as of June 3, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.