Brendan Patrick Shaw of Scottsdale Arizona a stockbroker associated with Purshe Kaplan Sterling Investments and Thomson Financial Advisors LLC has been (1) barred from working as a stockbroker or investment adviser representative (2) ordered to cease and desist from violating securities laws or regulations and (3) fined $20,000.00 based upon allegations that highly risky and speculative options transactions were mispresented by the stockbroker and failed to be suitable for the customer. Washington Securities Division Order No. S-17-2258-19-SC01 §-17-2258-19-FO01 (Apr. 11, 2019). The regulator alleged that Shaw’s conduct was violative of RCW 21.20.020.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Shaw is the subject of three customer initiated investment related disputes concerning accusations of his misconduct during the time that the stockbroker was employed by Purshe Kaplan Sterling Investments. In particular, a customer filed an investment related arbitration claim concerning Shaw’s activities where the customer sought $1,109,814.14 in damages founded on accusations that when Shaw was employed by Purshe Kaplan Sterling, misleading statements had been made in regard to options and a credit line, trades were unsuitable for the customer in view of the customer’s objectives for investing, Shaw’s activities were not adequately supervised by the securities broker dealer, and the customer’s account had been churned and exposed to fraudulent activities. FINRA Arbitration No. 16-03510 (Jan. 26, 2017).

Another customer filed an investment related arbitration claim pertaining to Shaw’s conduct in which the customer requested $7,500,000.00 in damages supported by allegations that when Shaw had been employed by Purshe Kaplan Sterling, the customer’s account had been mismanaged, options trades were effected excessively, and the customer was defrauded. FINRA Arbitration No. 17-01595 (June 21, 2017).

Shaw is additionally referenced in a customer initiated investment related arbitration claim where the customer requested unspecified damages based upon accusations that when Shaw was employed by Purshe Kaplan Sterling, fraudulent and manipulative actions were taken with the customer’s assets, transactions were unsuitable given the customer’s investment profile, and options transactions were facilitated in the customer’s account in an excessive manner. FINRA Arbitration No. 19-00519 (Mar. 4, 2019).

Shaw’s registration with Thomson Financial has been terminated as of February of 2016. He was registered with Purshe Kaplan Sterling between November 27, 2012 and December 31, 2016.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

Comments are closed.