Failure to Comply with FINRA Request Terminates Broker Lance Shaw’s Securities Industry Career

Allegations against the former Orlando broker include unauthorized trading and misrepresentation, among others.

Lance Shaw performed as a broker in the securities industry over the span of 15 years, however, in May 2016, the Financial Industry Regulatory Authority (FINRA) permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.

Over the course of a FINRA investigation into Shaw’s performance in the financial industry, the broker – most recently employed by International Assets Advisory LLC in Orlando, FL – failed to respond to the agency’s request for information. In eight customer disputes, allegations against Shaw included unauthorized trading, improper and excessive trading (otherwise known as churning, an activity that inflates broker commissions), mismanagement, unsuitability, and misrepresentation. Damages requested in these disputes exceed over $600,000.

As a result of Shaw’s failure to respond to the FINRA request for information, the broker is permanently barred.

Prior to his employment with International Assets Advisory LLC from May 2015 to January 2016, Snyder was employed by these firms, among others:

• LPL Financial LLC in Wynnewood, PA from December 2012 to April 2015

• Stifel, Nicolaus & Company, Incorporated in Conshohocken, PA from August 2008 to December 2012

• Wachovia Securities, LLC in Springfield, PA from August 2007 to August 2008

• Merrill Lynch Pierce Fenner & Smith Incorporated in Philadelphia, PA from July 2004 to August 2007

If you enlisted the services of broker Lance Shaw and have suffered losses as a result of this relationship, you may be able to recover some or all of your losses through securities arbitration. You can find out more about the allegations against him by reviewing his Broker Check report, a complimentary service provided by FINRA.

The attorneys at Silver Law Group are leaders in the field of securities arbitration. We represent individual and institutional investors across the United States who have lost money at the hands of a trusted financial advisor. Scott Silver is currently the chairman of the American Trial Lawyers Association, Securities and Financial Fraud Group and routinely represents investors in securities arbitration claims.

Our services are provided on a contingency-fee basis, which means we are only compensated if there is a recovery of losses. Contact us for a complimentary consultation about your situation.