Ivan Shore (CRD #: 1012943), a broker registered with Oppenheimer & Co., has consented to a suspension and fine as part of an agreement with the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record, accessed on November 18, 2020. For more information about FINRA’s findings, keep reading.

On November 6, 2020, Ivan Shore entered into an Acceptance, Waiver, & Consent (AWC) agreement with FINRA, in which he consented to the findings that he had engaged in a pattern of short-term trading for his customer’s Unit Investment Trusts (UITs). Shore consented to the findings that he recommended customers roll over their UITs before their maturation dates, which incurred unnecessary sales charges. Furthermore, these were series-to-series rollovers, meaning that investors were taking money from one UIT and putting it into a new UIT with similar investment objectives and strategies. Ivan Shore consented to a three-month suspension and a fine of $5,000. You can read a copy of his AWC here.

Ivan Shore has passed the Series 63 Uniform Securities Agent State Law Examination, Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, Series 52 Municipal Securities Representative Examination, and the Series 8 General Securities Sales Supervisor Examination (Options Module & General Module). He is a registered broker in California, Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, North Carolina, Rhode Island, Tennessee, Texas, Vermont, and Virginia.

During his 38 years in the securities industry, Ivan Shore has worked at the following firms:

  • Gruntal & Co. LLC (CRD #: 372)
  • First Albany Corporation (CRD #: 298)
  • Paine, Webber, Jackson & Curtis (CRD #: 8174)
  • Donald Sheldon & Co. (CRD #: 6966)

If Ivan Shore was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for your free case consultation with a securities attorney.

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