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LPL broker Lance Shaw has Customer Complaints

Lance ShawAccording to records provided by the Financial Industry Regulatory Authority (FINRA), former Florida-based International Assets Advisory broker/adviser Lance Shaw is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Shaw (CRD# 4065444).

Lance Shaw has spent 15 years in the securities industry and was most recently registered with International Assets Advisory in Orlando, Florida (2015-2016). Previous registrations include LPL Financial in Wynnewood, Pennsylvania (2012-2015); Stifel Nicolaus & Company in Conshohocken, Pennsylvania (2008-2012); Wachovia Securities in Springfield, Pennsylvania (2007-2008); Merrill Lynch in Philadelphia, Pennsylvania (2004-2007); Janney Montgomery Scott in Philadelphia, Pennsylvania (2000-2004); and SEI Investments Distribution in Oaks, Pennsylvania (2000). He is currently not registered with any state or firm.

According to his BrokerCheck report, Lance Shaw is the subject of five customer complaints and three pending customer complaints.

In August 2015 a customer alleged Lance Shaw, while employed at LPL Financial, made unauthorized trades. The customer complaint settled for $7,000.

In July 2015 a customer alleged Mr. Shaw, while employed at LPL Financial, effected unauthorized transactions. The complaint settled for more than $13,000.

In June 2015 a customer alleged Lance Shaw, while employed at LPL Financial, made unauthorized, speculative and short-term transactions. The complaint settled for $50,000.

In February 2015 a customer alleged Lance Shaw, while employed at LPL Financial and Stifel Nicolaus, misrepresented material facts related to an investment and executed unauthorized, excessive, and unsuitable trades. The customer is seeking $250,000 in the pending complaint.

In August 2015 a customer alleged Mr. Shaw, while employed at LPL Financial, effected unauthorized trades. The customer is seeking more than $26,000 in damages in the pending complaint.

In August 2015 a customer alleged Lance Shaw, while employed at LPL Financial, executed unauthorized trades. The customer is seeking unspecified damages in the pending complaint.

In 2008 a customer alleged Lance Shaw, while employed at Wachovia Securities, mismanaged the account and caused losses. The complaint settled for more than $2,000.

In 2008 a customer alleged Mr. Shaw, while employed at Wachovia Securities, executed improper, unauthorized, and excessive trades. The complaint settled for $7,013.

If you have lost money investing with Lance Shaw, you may be eligible to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only receive payment if and when you recover money. You might have a limited time to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.