Atlanta Advisor Jeffrey Shaver Has $1 Million Pending Complaint

Atlanta investment advisor Jeffrey Shaver (CRD# 2675592) has received an investor complaint alleging seven-figure losses. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Arkadios Capital broker is no longer registered as a broker, though he is an investment advisor at ACG Wealth.

Mr. Shaver’s BrokerCheck report discloses one pending investor complaint. Filed in March 2022, it alleges that as a representative of Triad Advisors and Arkadios Capital, he engaged in negligence, over-concentrated securities, and recommended unsuitable alternative investments. The pending complaint alleges damages of at least $1,000,000.

His BrokerCheck report also discloses a complaint filed in 2005, alleging that as a representative of A.G. Edwards & Sons, he provided “poor investment advice to purchase high risk stock for [the customer’s] children’s IRAs.” The complaint reached a settlement of $7,470.26. A complaint filed in 2001, meanwhile, alleged that as a representative of A.G. Edwards & Sons, he breached his fiduciary duty, committed common law fraud, and recommended unsuitable securities. The complaint evolved into FINRA arbitration proceedings that ended with the issuance of an award to the customer of $2,749.99.

According to the Financial Industry Regulatory Authority, Jeffrey Shaver holds 26 years of securities industry experience. He is not registered as a broker, though he is an investment adviser at ACG Wealth in Atlanta, Georgia, where he has been registered since 2009. His past registrations include Arkadios Capital (Atlanta, Georgia; 2017-2022), Triad Advisors (Atlanta, Georgia; 2009-2017), LPL Financial Corporation (Atlanta, Georgia; 2004-2009), Wachovia Securities Financial Network (St. Louis, Missouri; 2002-2004), Morgan Keegan & Company (Memphis, Tennessee; 2000-2002), A.G. Edwards & Sons (St. Louis, Missouri; 1999-2000), J.P. Turner & Company (Atlanta, Georgia; 1998-1999), and Argent Securities (Atlanta, Georgia; 1996-1998). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds no state licenses as a broker. (Information current as of May 22, 2022.)

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