October 2020-Charlotte, NC
According to publicly available records, Christopher Shaw (CRD#5011382), a stockbroker who was previously registered with Pruco Securities & Kalos Capital, discloses 3 pending customer disputes, a prior final customer dispute and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 4/2020 a customer of Kalos Capital filed FINRA case 20-1214 alleging that they did not qualify as an accredited investor and has no recollection of reviewing or signing the subscription documents. The customer seeks damages of $90,000 and the case is still pending.
In February of 2020, a customer of Shaw’s previous employer , Kalos Capital Inc., filed FINRA case #20-00661 alleging that Shaw engaged in misrepresentation and unsuitable recommendations and is seeking damages of $500,000. The case is still pending.
In November of 2019, a Kalos Capital, Inc. customer filed FINRA case #19-03047 alleging breach of fiduciary duty and unsuitable investments and is seeking damages of $350,000. This case is pending.
In May of 2019, another Kalos Capital, Inc. customer filed FINRA case #19-01140 alleging unsuitable investments in alternative securities between November of 2012 and May of 2017 seeking damages of $450,000. That case was settled for $175,000 in 8/2020.
Shaw has been employed by Pruco Securities since May of 2019. Before that time he was employed with CJS Wealth Management, Clear Markets North America, Kalos Capital, Inc., Blackbird North America and Blackbird Europe.
If you had an account with Christopher Shaw that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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