Richard Shaw In Lincoln Financial Investor Disputes Over Suitability

Investors possibly experienced losses because of securities broker Richard Glenn Shaw (also known as Rick Glenn Shaw) [CRD: 1870018, Scottsdale, Arizona], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Richard Shaw has worked for Lincoln Financial Advisor Corporation (now known as OSAIC FA Inc.) since June 1, 1998. Here’s more about the securities broker’s disclosures.

Lincoln Financial Advisors Corporation Client Alleged Unsuitable Recommendations

Particularly, a Lincoln Financial Advisors Corporation client filed FINRA Arbitration No. 22-00915 about Richard Shaw. The client alleged unsuitable recommendations in oil and gas investments. As a result, on October 6, 2023, Lincoln Financial Advisors Corporation settled this matter by paying the client $55,064.72 in damages.

Lincoln Financial Investor Accused Richard Shaw Of Unsuitable Advice

Also, on February 14, 2024, a Lincoln Financial Advisors Corporation client filed FINRA Arbitration No. 24-00348 about Richard Shaw. Mainly, the client alleged unsuitable advice about oil and gas investments. Consequently, they requested $25,000 in compensation from Lincoln Financial Advisors Corporation or Shaw. Currently, this arbitration is unresolved.

Shaw Disclosed Allegations Relating To Oil And Gas Investments

Specifically, a client of Lincoln Financial Advisors Corporation contested Richard Shaw’s sales practices by filing FINRA Arbitration No. 24-00348 on February 14, 2024. Notably, the investor alleged unsuitable advice about an oil and gas investment. Therefore, they seek damages from Lincoln Financial Advisors Corporation or Shaw in the amount of $1,500,000 in this ongoing matter.

Investor Accused Richard Shaw Of Unsuitable Recommendations

Particularly, a Lincoln Financial Advisors Corporation client filed FINRA Arbitration No. 22-01164 about Richard Shaw. Evidently, the client alleged unsuitable recommendations. Because of this, the investor supposedly sustained damages on oil and gas investments. As a result, on October 6, 2023, Lincoln Financial Advisors Corporation settled this matter by paying the client $26,086.80 in damages.

Richard Shaw Disclosed Allegations By Lincoln Financial Advisors Corporation Client

Specifically, a client of Lincoln Financial Advisors Corporation contested Shaw’s sales practices by filing FINRA Arbitration No. 22-01161. Notably, the investor alleged unsuitable advice. Allegedly,  Shaw caused the client to sustain damages on oil and gas investments. Therefore, Lincoln Financial Advisors Corporation opted to settle the matter on August 17, 2023, by compensating the client in the amount of $200,000.

Experience Financial Harm Due To Securities Broker Richard Shaw?

Did you suffer financially because of Richard Shaw? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group investment loss recovery lawyers help individuals throughout the United States, work on a contingency fee basis, and advance all costs. Shaw and brokerage firms Shaw worked for deny accusations of sales practice violations.