DID SCOTT ARI SHAW CAUSE YOU INVESTMENT LOSSES?
Scott Shaw Of LPL Financial And Formerly With Ameriprise Financial Services Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Scott Shaw of LPL Financial?
Scott Shaw (CRD #4406793) who is currently registered with LPL Financial and located in Ardmore, Pennsylvania is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial, Scott Shaw was associated with Ameriprise Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Scott Shaw Customer Complaints
Scott Shaw has been the subject of 2 customer complaints that we know about. One of Scott Shaw’s 2 customer complaints was settled in favor of investors. One of Scott Shaw’s customers’ complaints was denied and, to date, the customer has not taken any further action.
Allegations Against Scott Shaw
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleged the advisor, Scott Shaw replaced the variable universal life insurance policy from one that had a decreased surrender charge and a fixed benefit to one that reduced her benefit and increased surrender charges. Client alleged she was ill advised by her advisor and alleged this was a poor recommendation for her.
- The estate alleged that the advisor, Scott Shaw formerly associated with AFSI did not respond to his client’s requests for information and service regarding the decedent’s life insurance policy while he was alive. The estate alleged that as a result of the inaction, the decedent’s life insurance policy lapsed and the defendant refused to pay the death benefit.
Scott Shaw Red Flags & Your Rights As An Investor
Of course, Scott 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 which should put all current and former customers of Scott Shaw at LPL Financial and Ameriprise Financial Services on alert to review carefully the activity and performance of their accounts and question whether Scott Shaw has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial and Ameriprise Financial Services also raises questions about the brokerage firms’ 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 LPL Financial Due To Scott Shaw
If you have questions about LPL Financial, Ameriprise Financial Services, and/or Scott Shaw and 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.