Astoria, OR – According to the state officials, the division, in an order filed in December 2023 also ordered the woman, Laura Shean, to pay $20,000 of previously suspended civil penalties because Shean violated a prior order the division issued in 2019.
Shean was licensed as a securities salesperson, investment adviser representative, and resident insurance producer, but her insurance and securities licenses in Oregon were revoked by DFR in 2019.
The division revoked Shean’s licenses because Shean misappropriated, through a series of six unauthorized transactions in 2017, more than $124,000 from an elderly client.
In 2018, the Financial Industry Regulatory Authority (FINRA) permanently barred Shean from associating with any FINRA member in any capacity.
In 2019, Shean consented to an order issued by the division that permanently bars her from holding any securities or insurance licenses in Oregon and ordered Shean to cease and desist from violating the Oregon securities law.
