Christopher John Shaw (also known as Chris John Shaw), a stockbroker formerly registered with Kalos Capital, is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 on June 30, 2021, supported by accusations of breach of fiduciary duty relating to illiquid and risky alternative investments, including non-traded REITs and direct investments sold by Shaw while he was associated with Kalos Capital. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00807 (June 30, 2021). The customer’s claim alleges breach of contract, unsuitable recommendations, and negligence relating to the investments sold by Shaw.
FINRA Public Disclosure shows that Shaw has been identified in six more customer initiated investment related disputes concerning allegations of his activities during the time that he was employed by Pruco Securities and Kalos Capital. Shaw is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $175,000.00 in damages based upon accusations of unsuitable alternative investments, including real estate securities and oil and gas investments by Shaw between November 2012 and May 2017 while registered with Kalos Capital. FINRA Arbitration No. 19-01140 (May 5, 2020).
On November 23, 2020, another customer initiated investment related FINRA securities arbitration claim concerning Shaw’s conduct was settled for $125,000.00 in damages founded on allegations of Shaw’s breach of a fiduciary duty relating to alternative investments for the customer’s Kalos Capital account. FINRA Arbitration No. 19-03047. According to the arbitration claim, Shaw’s unsuitable alternative investment recommendations resulted in damages.
On January 18, 2021, another customer initiated investment related FINRA securities arbitration claim involving Shaw’s activities was settled for $13,183.00 in damages based upon allegations that the customer was solicited for a direct investment when the investor was not qualified for it. FINRA Arbitration No. 20-01214.The customer was allegedly unaware of any subscription agreement or any review of the direct participation program or limited partnership investment.
Shaw is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $25,000.00 in damages founded on accusations of unsuitable advice by Shaw concerning GPB Capital when he was employed by Pruco Securities. FINRA Arbitration No. 20-04001 (January 18, 2021).
Shaw is also identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $12,000.00 in damages supported by accusations of unsuitable recommendations and misrepresentation by Shaw concerning a private placement and real estate security during the time that he was registered with Kalos Capital. FINRA Arbitration No. 20-00661 (January 22, 2021).
On June 2, 2021, an additional customer initiated investment related FINRA securities arbitration claim regarding Shaw’s conduct was settled for $14,125.00 in damages supported by allegations of breach of fiduciary duty, breach of contract, and violation of North Carolina securities law relating to alternate investments, including DPPs and LPs. FINRA Arbitration No. 21-00656 (June 2, 2021).
Shaw was associated with Kalos Capital as a stockbroker between September 14, 2011, and May 9, 2019, Kalos Management as an investment adviser representative between January 30, 2017, and May 9, 2019, Pruco Securities as a stockbroker between May 15, 2019, and September 15, 2020, and Prudential Financial Planning Services as an investment adviser representative between May 16, 2019, and September 15, 2020. Shaw has been a stockbroker of Newbridge Securities Corporation since September 24, 2020, and an investment adviser representative of Newbridge Financial Services Group since January 13, 2021.
