Close Menu
Free Consultation: 888-976-6111

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.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Robert Gleason: FINRA Suspends Former Cantella & Company Advisor

    Former Owensboro, Kentucky financial advisor Robert Gleason (CRD# 1415067) was recently suspended in connection with allegations that he recommended unsuitable...

    Read More
  • Jason Kurtz: FINRA Bars Former US Bancorp Advisor

    Former Denver financial advisor Jason Kurtz (CRD# 4958219) has been sanctioned and barred in connection with alleged rule violations. Financial Industry...

    Read More
  • Lodging Fund REIT III Settles SEC Charges

    In August 2023, the real estate investment trust Lodging Fund REIT III’s CEO and advisor paid more than $4 million...

    Read More
  • Kevin Bailey: $500K Complaint Against Charles Schwab Advisor

    Phoenix financial advisor Kevin Bailey (CRD# 1490570) recently received an investor complaint alleging that his conduct resulted in damages of...

    Read More
  • Previous
  • Next