SCOTT MONTGOMERY SHEA is currently employed as a Broker and/or Investment Adviser at WELLS FARGO CLEARING SERVICES, LLC located at 710 EAST MAIN STREET, LEAGUE CITY, TX, 77573.
SCOTT MONTGOMERY SHEA has worked at WELLS FARGO CLEARING SERVICES, LLC since January 03, 2011
SCOTT MONTGOMERY SHEA has 4 Disclosure Event(s).
Date: August 24, 2012 Category: Customer Dispute Allegations: POA CLAIMS INVESTMENT WAS NOT SUITABLE. (08/27/2008)
Date: November 15, 2011 Category: Customer Dispute Allegations: CLIENT STATED HE WAS MISLED BY FA IN THE PURCHASE OF AN INSURANCE POLICY. ALLEGED DAMAGES NOT SPECIFIED, THE FIRM BELIEVES DAMAGES EXCEED $5,000. (10/22/2009)
Date: February 10, 1994 Category: Regulatory Initiated By: TEXAS STATE SECURITIES BOARD Allegations: Not Provided Resolution: Decision SanctionDetails: Sanctions: Suspension Sanction Details: ON FEBRUARY 10, 1994, THE TEXAS SECURITIESCOMMISSIONER ENTERED AN ORDER GRANTING REGISTRATION OF AN AGENTAND SUSPENDING THE REGISTRATION OF AN AGENT AND SUSPENDING THEREGISTRATION AGAINST SCOTT MONTGOMERY SHEA. THE ORDER FOUNDTHAT RESPONDENT SHEA, WHILE REGISTERED AS A SECURITIES AGENT,HAD FAILED TO DISCLOSE A FELONY CRIMINAL CHARGE, GUILTY PLEAAND CONVICTION TO THE COMMISSIONER. THE ORDER FURTHER FOUNDTHAT RESPONDENT SHEA FAILED TO DISCLOSE THE FOREGOING ANDSUBSEQUENT APPLICATAIONS FOR REGISTRATION. THE ORDER GRANTEDRESPONDENT SHEA'S APPLICATION FOR REGISTRATION BUT SUSPENDEDTHE REGISTRATION FOR SIXTY DAYS BEGINNING DECEMBER 12, 1993. Broker Comment: ON SEPTEMBER 1, 1992, I TRANSFERRED MY (TX) AENTREGISTRATION FROM GNA SECURITIES, INC TO INTERACTIVE FINANCIALSOLUTIONS, INC AS AN EMPLOYEE OF BANK UNITED, WITH 2 SUBSEQUENTTRANSFERS OF RREGISTRATION. ON ADVICE OF LEGAL COUNSEL, ANDBASED ON THE DISMISSAL OF CHARGES IN OCCURENCE #1 EFFECTIVE7/16/92, I DID NOT DISCLOSE CHARGES IN OCCURENCE #1 ON 9/1/92AND SUBSEQUENT APPLICATIONS TO STATE OF TEXAS. BASED ON THETERMINATION OF A "DEFERRED ADJUDICATION" FINDING AND DISMISSALOF ORIGINAL CHARGES, A RECORD OF THOSE CHARGES SHOULD NOT EXISTEFF 7/16/92.
Date: May 13, 1990 Category: Criminal Charges: POSSESSION OF CONTROLLED SUBSTANCE - COCAINE, ONE COUNT, FELONY, DEFERRED ADJUDICATION Charge Type: FELONY Disposition: MR. SHEA RECEIVED FIVE YEARS DEFERRED ADJUDICATION AND A $500.00 FINE, WHICH HE PAID TO THE CITY OF SEABROOK IN 1990. HE SERVED 20 MONTHS PROBATION AT WHICH TIME THE CHARGES WERE DISMISSED. Broker Comment: ON 5/13/90, A PASSENGER ON MR. SHEA'S BOAT PURCHASED COCAINE FROM AN UNDERCOVER POLICE OFFICER. BOTH SHE AND MR. SHEA WERE ARRESTED AND HIS BOAT SEIZED. CHARGES AGAINST MR. SHEA WERE DISMISSED AFTER HE SERVED 20 MONTHS PROBATION.
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