Newbridge Clients Complain About James Shawver

Investors have come forward with complaints about securities broker James Patrick Shawver, AKA Jim Shawver [CRD#: 2571148, Boynton Beach, FL]. Shawver worked for (1) Blackridge Asset Management LLC from 2020-Present as a financial advisor; (2) Peak Brokerage Services LLC from 2020-Present as a securities broker; (3) Independent Financial Group from 2013-2020 as a securities broker and financial advisor; and (4) Newbridge Securities Corporation from 2007-2013 as a securities broker.

Evidently, the securities broker discloses one or more investor disputes reported on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Specifically, Newbridge Securities Corporation and Independent Financial Group clients allege that Shawver made unsuitable recommendations. For more on these disclosures about Shawver, see below.

Newbridge Securities Corporation and Independent Financial Group Client Accuses James Shawver Of Unsuitable Recommendations

Evidently, on June 24, 2022, a Newbridge Securities Corporation and Independent Financial Group client filed FINRA Arbitration #: 22-01200 about James Shawver. Specifically, the client alleged that Shawver made unsuitable recommendations, violated FINRA rules, and acted negligently. Because of this, the client purportedly sustained damages pertaining to investments in alternative investments. Therefore, the client requested $100,001 in compensation from Newbridge Securities Corporation and Independent Financial Group or Shawver. Evidently, this arbitration is pending a resolution.

Independent Financial Group Client Accuses Shawver Of Unsuitable Transactions

Also, an Independent Financial Group client filed FINRA Arbitration #: 20-01666 about James Shawver. Specifically, the client alleged that Shawver made unsuitable transactions. For this reason, the client claims that they experienced damages relating to investments in direct investments. Therefore, on December 3, 2021, Independent Financial Group settled this matter by paying the client $10,000.

Merrill Lynch Client Accuses James Shawver Of Failure To Follow Instructions

Evidently, a client of Merrill Lynch contested James Shawver’s sales practices, according to a complaint dated August 8, 2005. Supposedly, Shawver failed to follow instructions. Allegedly, the stock transactions connected to this securities broker resulted in damages for the client. Therefore, the client sought compensatory relief from Merrill Lynch or Shawver in the amount of $13,150 in this matter. However, the securities broker-dealer denied this complaint.

Merrill Lynch Client Accuses Shawver Of Unsuitability

Also, a Merrill Lynch client filed FINRA Arbitration #: 02-05448 about James Shawver. Specifically, the client alleged that Shawver made unsuitable transactions. Because of this, the client purportedly sustained damages pertaining to investments in variable annuities. Therefore, on September 29, 2003, Merrill Lynch settled this matter by paying the client $12,000.

Damages Resulting From Newbridge Securities Corporation and Independent Financial Group, Securities Broker James Shawver?

Have you experienced damages by investing with James Shawver? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a potential recovery of your investment damages. Notably, Soreide Law Group has successfully recovered money for investors throughout all 50 states. The firm represents clients on a contingency fee basis and advances all costs. Shawver and brokerage firms Shawver associated with deny any and all allegations of sales practice violations.