Brendan Shaw, Formerly of Purshe Kaplan Sterling Investments, Facing Three…

Shaw was also barred by the State of Washington Securities Division in April 2019.

The Sonn Law Group is investigating allegations that Brendan Shaw made unsuitable investment recommendations and committed excessive trading. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

brendan-shaw-pending-customer-disputesBrendan Shaw (CRD#: 4721215) was registered with Purshe Kaplan Sterling Securities from 2012 until 2016. Previously, Shaw was employed as a broker with Mutual Securities from 2005 until 2012. 

Shaw was named in a Statement  of Charges filed by the State of Washington Securities Division in March 2019. The Securities Division entered a Statement of Charges and Notice of Intent to Enter Order to Cease and Desist, To Deny Future Registrations, to Impose Fines, and to Charge Costs (“Statement of Charges”) against Thomson Financial Advisors LLC, Lindsay Thomson, and Brendan Shaw (collectively, “Respondents”).

The Securities Division alleged that Respondents violated RCW 21.20.702 and RCW 21.20.020 when they placed a Washington State investor in unsuitable investments related to options trading. Further, the Securities Division alleged that Respondents violated RCW 21.20.020 when they failed to disclose to a Washington State investor the speculative and high-risk nature of their options trading strategy. 

The Statement of Charges gave notice to Respondents of the Securities Division’s intent to enter an order to cease and desist from violating the Securities Act of Washington, to deny any future securities registration applications that Respondents may file in the future, to impose fines, and to charge costs. 

Shaw was barred from the securities industry in Washington beginning on April 11, 2019 and fined $60,000.

Shaw has four other disclosures on his BrokerCheck report.


March 2019 Customer Dispute

  • Status: Pending
  • Allegations: Fraudulent, unsuitable and excessive trading in client’s advisory accounts at an unaffiliated RIA firm.

June 2017 Customer Dispute

  • Status: Pending
  • Allegations: Fraudulent and excessive trading in brokerage accounts held at TD Ameritrade and managed by Thompson Financial Advisors LLC, an investment advisory firm with which Mr. Shaw was associated.
  • Damage Amount Requested: $7,500,000.00

January 2017 Customer Dispute

  • Status: Pending
  • Allegations: Claimants allege churning, lack of proper supervision, unsuitable investments and use of manipulative, deceptive, and fraudulent actions to induce claimants to open line of credit.
  • Damage Amount Requested: $1,109,814.14

Contact Us Today

The Sonn Law Group is currently investigating allegations that Brendan Shaw made unsuitable investment recommendations and committed excessive trading. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

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