Oregon Division of Financial Regulation issues $160,000 in fines to Laura O. Shean for conducting unlicensed investment adviser activities
The Oregon Division of Financial Regulation (DFR) issued a cease-and-desist order and fined Laura O. Shean and her company, PlanNow, LLC, a total of $140,000 for conducting unlicensed investment adviser activity and engaging in securities fraud.
The division, in an order filed in December 2023 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.
Following the issuance of the 2019 consent order or emailing dfr.financialserviceshelp@dcbs.oregon.gov.
The division also has recently published a tool – the Oregon Investor Guide [https://dfr.oregon.gov/help/outreach-education/Documents/publications/5901-oregon-investor-guide.pdf ] – to give consumers another resource before investing money.
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About Oregon DFR: The Division of Financial Regulation is part of the Department of Consumer and Business Services, Oregon’s largest business regulatory and consumer protection agency. Visit dfr.oregon.gov and www.dcbs.oregon.gov.
The division, in an order filed in December 2023 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.
Following the issuance of the 2019 consent order or emailing dfr.financialserviceshelp@dcbs.oregon.gov.
The division also has recently published a tool – the Oregon Investor Guide [https://dfr.oregon.gov/help/outreach-education/Documents/publications/5901-oregon-investor-guide.pdf ] – to give consumers another resource before investing money.
###
About Oregon DFR: The Division of Financial Regulation is part of the Department of Consumer and Business Services, Oregon’s largest business regulatory and consumer protection agency. Visit dfr.oregon.gov and www.dcbs.oregon.gov.
