Written by The White Law Group• January 10, 2020• 5:38 pm• Blog, Current Investigations, Securities Fraud Articles

Brendan P. Shaw Broker Investigation

Financial Advisor Brendan P. Shaw, Purshe Kaplan Sterling Investments, Scottsdale, AZ

Washington Reportedly Bars Advisor Brendan P. Shaw for Allegedly High Risk, Unsuitable Investments

Are you concerned about investments with Brendan P. Shaw in Scottsdale, AZ? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

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According to public records on the Financial Industry Regulatory Authority’s website, in March 2019, Washington Securities Division reportedly barred Shaw from working as a broker or investment advisor and fined him $20,000.00 based upon allegations that he purportedly misrepresented highly risky and speculative options transactions that allegedly failed to be suitable for the customer.

According to his broker report, Shaw was reportedly registered with Purshe Kaplan Sterling Investments in Scottsdale, AZ from 2012 through 2016. Shaw reportedly has 3 pending customer complaints indicated by his broker report. Allegations include fraudulent, unsuitable investments and excessive trading, failure to supervise, and “use of manipulative, deceptive, and fraudulent actions.”

Investigating Potential Lawsuits

The White Law Group is investigating potential securities fraud lawsuits regarding the liability that Shaw’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as churning or making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. We represent investors in FINRA arbitration claims in all 50 states including Arizona. Our attorneys have recovered millions of dollars from many brokerage firms in the past.