Securities Arbitration Lawyers BlogFailure to Comply with FINRA Request Terminates Broker Lance Shaw’s Securities Industry Career – Follow Up
His former firm, LPL Financial, is facing serious accusations
In November, we chronicled the history of Lance Shaw and why FINRA barred him from ever working as a broker again. Over the course of his 15-year career, he was involved in eight customer disputes, with the majority of them related to unauthorized trading.
One of those disputes occurred while Shaw was working for LPL Financial, LLC, and it involved allegations of unsuitable investments and excessive trading of a client’s retirement account. The damages granted totaled $175,000.