Christopher Shaw (CRD #: 5011382), a Belmont, North Carolina broker registered with Newbridge Securities Corporation, has two new investor disputes, according to his BrokerCheck record, accessed on January 27, 2021. Multiple disputes allege that Shaw made unsuitable investment recommendations.
On December 16, 2020, an investor alleged that Christopher Shaw recommended unsuitable investment recommendations. The investor sought $500,000; the dispute settled for $50,000.
On September 2, 2020, Pruco Securities fired Christopher Shaw following allegations that he executed discretionary trades in client accounts without authorization. They further alleged that he inaccurately marked certain trades as unsolicited when they were solicited.
On August 24, 2020, an investor alleged that Christopher Shaw recommended investments that were high-risk and only meant for accredited investors. The investor was allegedly not accredited, and they further alleged that they have no recollection of signing the necessary documents. The investor sought $90,000; the dispute settled for 13,183.
On February 26, 2020, an investor alleged that Christopher Shaw engaged in misrepresentation and made unsuitable investment recommendations. The investor is seeking $500,000; the dispute is pending.
On November 4, 2019, an investor alleged that Shaw breached his fiduciary duty when he made unsuitable investment recommendations. Christopher Shaw is registered as an investment adviser and therefore has a fiduciary duty to only work in his client’s best interest. The investor is seeking $350,000; the dispute is pending.
On July 8, 2019, an investor alleged that Shaw made unsuitable investment recommendations for high-risk, alternative investments. The investor sought $450,000; the dispute settled for $175,000.
Christopher Shaw has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 66 Uniform Securities Agent State Law Examination, Series 66 Uniform Combined State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker and investment adviser in North Carolina.
Besides his current registrations with Newbridge Securities Corporation and Newbridge Financial Services Group, Shaw has also registered with the following firms:
- Prudential Financial Planning Services (CRD #: 5685)
- Pruco Securities (CRD #: 5685)
- Kalos Management (CRD #: 133025)
- Kalos Capital (CRD #: 44337)
- Blackbird North America (CRD #: 104176)
If Christopher Shaw was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for a free case consultation with a securities attorney.