| Read Time: 2 minutes |

DID SATYA BRATA SHAW CAUSE YOU INVESTMENT LOSSES?

Satya Brata Shaw formerly with Center Street Securities, Inc. Has 2 Customer Complaints for Alleged Broker Misconduct in the Past 2 Years

Who is Satya B. Shaw formerly with Center Street Securities, Inc.?

Satya Shaw (CRD #1229175) who was formerly registered with Center Street Securities, Inc. and located in Wesley Chapel, Florida is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to Center Street Securities, Inc., Satya Shaw was associated with 7 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Incredibly, Satya Shaw has been the subject of 9 regulatory actions: one FINRA suspension; 3 State of Florida disciplinary actions resulting in cease-and-desist orders and monetary fines; the revocation of his license in the State of Utah; the revocation of his license in the State of California; the revocation of his license and the Commonwealth of Virginia; and monetary fines in South Carolina and North Carolina.

Center Street Securities, Inc. Broker Misconduct

In his career, Satya Shaw has been the subject of 5 customer complaints that we know about, 2 of those complaints were filed in the last 2 years to recover investment losses. One of Satya Shaw’s 5 customer complaints was settled in favor of investors.  

One of the customer complaints was denied by the former employer of Satya Shaw and to date, the customer is not taken any further action. There are currently 2 pending customer complaints filed against Satya Shaw’sformer employer Center Street Securities, Inc. for investment losses caused by his alleged misconduct.

Allegations Against Satya Shaw

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The client alleged that the financial advisor misrepresented insurance policies offered and sold to him.
  • Client alleged stockbroker misconduct in connection with redemption of security in his account.
  • The customer alleged that they were misled in connection with 1035 exchanges and the purchases of 2 variable life insurance policies.
  • Two customers in separate actions allege that Satya Shaw made unsuitable investment recommendations that the clients purchase alternative REIT investments.

Satya Shaw Red Flags & Your Rights as An Investor

Of course, Satya Shaw did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Satya Shawat Center Street Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Satya Shaw has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Center Street Securities, Inc. also raises questions about supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Center Street Securities, Inc.

If you have questions about Center Street Securities, Inc. and/or Satya Shawand the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars
Loading...