{"id":22322,"date":"2024-08-16T21:36:44","date_gmt":"2024-08-16T21:36:44","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/08\/16\/complaint-accusing-advisor-of-churning-retirees-accounts-dropped\/"},"modified":"2024-08-16T21:36:44","modified_gmt":"2024-08-16T21:36:44","slug":"complaint-accusing-advisor-of-churning-retirees-accounts-dropped","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/08\/16\/complaint-accusing-advisor-of-churning-retirees-accounts-dropped\/","title":{"rendered":"Complaint Accusing Advisor of Churning Retirees&#8217; Accounts Dropped"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/902992343\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/11\/Lawyers_Legal_Documents_Judge_Lawsuit_Adobe_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/11\/Lawyers_Legal_Documents_Judge_Lawsuit_Adobe_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"first-para\">A lawsuit accusing a Connecticut investment advisor of making excessive and inappropriate trades for a retired couple has been withdrawn.<\/p>\n<p><span>In a complaint filed <a href=\"https:\/\/www.thinkadvisor.com\/2023\/11\/27\/ex-advisor-accused-of-churning-retired-couples-portfolio\/\" target=\"_blank\" rel=\"noopener\">in November<\/a>, Terry and Nancy Chabot alleged that Samir Shehu, managing principal at Shehu Asset Management, an RIA in Southbury, Connecticut, cost the couple more than $800,000 over 18 months by churning their holdings and investing in penny stocks.<\/span><\/p>\n<p><span>Terry Chabot died nine days after the suit was filed, Connecticut Superior Court records indicate. The couple\u2019s attorney withdrew the complaint July 26, according to a court filing that didn\u2019t offer an explanation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lawsuit accusing a Connecticut investment advisor of making excessive and inappropriate trades for a retired couple has been withdrawn. In a complaint filed in November, Terry and Nancy Chabot alleged that Samir Shehu,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/08\/complaint-accusing-advisor-of-churning-retirees-accounts-dropped.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22322"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22322"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22323"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}