Former Morgan Stanley Rep Fired for Outside Business Activities

Posted on November 13th, 2015 at 9:54 AM
Former Morgan Stanley Rep Fired for Outside Business Activities

From the Desk of Jim Eccleston at Eccleston Law LLC:

Travis Shannon, a former financial advisor with Morgan Stanley Smith Barney from September 2008

to July 2013, was fired by Morgan Stanley for undisclosed outside business activities.

Shannon also filed for bankruptcy numerous times between 2012 and 2014.

FINRA alleged that Travis Shannon sold a number of investments in three companies to his

customers. Those companies are “Aerobat Aviation, Inc.”, for which he was the CEO; “TC”, which bought and

sold used computer network equipment; “Zindigo”, which was a social commerce platform for the fashion

industry.  Travis Shannon failed to disclose the sales of these securities to his employer.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.


Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston, FINRA, Eccleston

Return to Archive



Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.


October 20, 2021
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

October 19, 2021
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

October 18, 2021
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.