Michael Taylor Shuttlesworth, of Tuscaloosa, Alabama, a stockbroker formerly registered with Crown Capital Securities, L.P., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he did not provide information to FINRA that was requested of him concerning his activities. Case No. 2015047434801 (April 18, 2016).

FINRA Public Disclosure reveals that Shuttlesworth has been identified in three additional customer initiated investment related disputes containing allegations of his misconduct while employed with Crown Capital Securities, Mutual Service Corporation, and VSR Financial Services, Inc. Specifically, on May 13, 1997, a customer initiated investment related civil action involving Shuttlesworth’s conduct was settled for $10,000.00 in damages based upon allegations that Shuttlesworth made misrepresentations and omissions to the customer concerning investments.

Subsequently, on November 10, 2008, a customer initiated investment related arbitration claim regarding Shuttlesworth’s activities was resolved for $20,000.00 in damages based upon allegations that Shuttlesworth violated the Alabama Securities Act, and negligently handled the customer’s managed account. Further, on December 22, 2016, a customer initiated investment related arbitration claim involving Shuttlesworth’s conduct was settled for $150,000.00 in damages based upon allegations that he defrauded the customer, negligently managed the customer’s investments, breached his fiduciary duties, and effected unsuitable transactions in the customer’s account. The customer additionally alleged that Crown Capital Securities, L.P. failed to supervise Shuttlesworth’s activities.

Shuttlesworth was terminated from Crown Capital Securities, L.P. on October 19, 2015, based upon allegations that he failed to make disclosures in reference to unsatisfied liens against him.

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