Investment Loss Options for Clients of Former Commonwealth Financial Network Broker Shabri G. Moore

According to publicly available FINRA BrokerCheck records, Sonn Law Group is reviewing disclosures involving Shabri G. Moore (CRD# 2894381), a financial professional formerly registered with Commonwealth Financial Network.

Investors who worked with Mr. Moore and experienced losses related to variable life insurance products may have questions regarding their potential options.

Broker Background

FINRA records indicate that Mr. Moore has been registered in the securities and investment advisory industry for several years. He has served as a managing partner and investment adviser representative with Moore Wealth in Frederick, Maryland since 2023. Prior to that, he was registered with Commonwealth Financial Network in Frederick, Maryland from 2009 to 2022. This information is based solely on disclosures reported to FINRA.

Customer Complaint Disclosures

According to Mr. Moore’s CRD report, he has been the subject of two customer complaints between 2022 and 2023, one of which was denied.

One disclosed complaint, dated April 2023, alleges that the sale of two variable life insurance products was unsuitable. The customer reportedly sought $235,391.33 in damages, and the matter was settled for $216,500. The complaint involved insurance-related losses and concerned conduct alleged to have occurred while Mr. Moore was registered with Commonwealth Financial Network.

Customer complaints are allegations only and do not constitute findings of wrongdoing. Settlements may be reached for various reasons and do not necessarily involve admissions of liability.

Potential Firm Responsibility

Under FINRA rules, brokerage firms are required to reasonably supervise the activities of their registered representatives during the time they are registered with the firm. In certain circumstances, the firm may bear responsibility for losses tied to unsuitable recommendations or supervisory failures occurring during that period.

As a result, Commonwealth Financial Network may face scrutiny in connection with allegations tied to the period in which Mr. Moore was registered with the firm.

Additional Information

Sonn Law Group represents investors nationwide in matters involving securities fraud, unsuitable investment recommendations, insurance-related investment losses, and failures to supervise. The firm focuses on FINRA arbitration and other investor dispute resolution processes.

Investors who worked with Shabri G. Moore and have questions regarding investment or insurance-related losses may wish to consult with a securities fraud attorney to better understand their rights and options.