Satya Brata Shaw (Satya Shaw) – Financial Advisor/Broker Satya Shaw Suspended from Securities Industry

Satya Brata Shaw (Satya Shaw) – Financial Advisor/Broker Satya Shaw Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Satya Shaw CRD # 1229175

Satya Shaw was a formerly licensed financial advisor with Center Street Securities, Inc. FINRA reports that Satya Shaw was suspended for six months and fined $10,000 in August 2017. 

ACCORDING TO FINRA: Satya Shaw consented to the sanctions and to the entry of findings that he engaged in six outside business activities without seeking prior approval from his member firm. The findings stated that Satya Shaw failed to disclose that he was a member of six limited liability companies, one of which received compensation in connection with the marketing of insurance and preparation of tax returns. Satya Shaw held a management role in the remaining five companies, which were owned by his wife for the purpose of renting real estate. The findings also stated that an insurance agent who was not registered with a broker-dealer, identified clients of his who sought diversification in securities and referred those clients to Satya Shaw. In return, Satya Shaw paid the insurance agent approximately $46,680 in securities transaction-based compensation.

Goodman & Nekvasil, P.A. May Recover Investor Losses

If you lost money on investments with Satya Shaw and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Satya Shaw’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Satya Shaw and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us. 

Satya Shaw, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Satya Shaw

 

Contact Us Today!

[]
1 Step 1
reCaptcha v3
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder