Richard Glenn Shaw (also known as Rick Shaw), of Scottsdale, Arizona, a stockbroker registered with Lincoln Financial Advisors Corporation, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages based upon allegations that Shaw made the unsuitable investment recommendation of certain oil and gas investments during the period that Shaw was associated with Lincoln Financial Advisors Corporation. FINRA Arbitration No. 24-00348 (February 16, 2024).
FINRA Public Disclosure shows that Shaw is referenced in nine other customer initiated investment related disputes concerning Shaw’s conduct while associated with securities broker dealers. On January 8, 2013, a customer filed an investment related complaint involving Shaw’s conduct in which the customer requested damages based upon allegations that Shaw misrepresented material facts and made unsuitable recommendations in variable annuities when Shaw was associated with Lincoln Financial Advisors Corporation.
On June 6, 2023, another customer initiated investment related FINRA securities arbitration claim involving Shaw’s conduct was settled for $70,000.00 in damages based upon allegations that Shaw engaged in unsuitable trading in oil and gas investments and real estate securities. FINRA Arbitration No. 22-00264.
Shaw was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $496,926.52 in damages based upon allegations that Shaw made unsuitable recommendations in oil and gas products during the time that Shaw was associated with Lincoln Financial Advisors Corporation. FINRA Arbitration No. 22-00746 (October 6, 2023).
On October 6, 2023, a different securities arbitration claim involving Shaw’s conduct was settled for $55,064.72 in damages based upon allegations that Shaw recommended an unsuitable oil and gas investment to the customer. FINRA Arbitration No. 22-00915.
Shaw was also referenced in a securities arbitration claim that was settled for $200,000.00 in damages based upon allegations that Shaw provided unsuitable advice in oil and gas investments. FINRA Arbitration No. 22-01161 (August 17, 2023).
Shaw is also referenced in a securities arbitration claim in which the customer requested $1,500,000.00 in damages based upon allegations that Shaw made unsuitable recommendations in oil and gas investments. FINRA Arbitration No. 24-00348 (February 16, 2024).
Shaw has been associated with Lincoln Financial Advisors Corporation in Scottsdale, Arizona, since June 1, 1998.
