Jim Shawver: $100K REIT Complaint Against Isaacson Advisor

Boynton Beach financial advisor Jim Shawver (CRD# 2571148) recently received an investor complaint alleging his investment advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker with Peak Brokerage Services, doing business as Isaacson Tax & Estate Advisors.

Mr. Shawver’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in May 2022, alleges that as a representative of Independent Financial Group and Newbridge Securities Corporation, he recommended unsuitable investments in non-traded real estate investment trusts (REITs) and other products, acted negligently, and committed fraud. The pending complaint alleges damages between $100,001 and $500,000. 

In a statement on the pending complaint’s disclosure, Mr. Shawver wrote that it “contains numerous misleading and inaccurate allegations,” that the investments were suitable, and that the firm “intends to defend action as without merit.”

A second investor complaint, filed in May 2020, alleged that as a representative of Independent Financial Group, he recommended unsuitable investments. In 2021 the complaint reached a settlement of $10,000.

A third investor complaint, filed in 2002, alleged that as a Merrill Lynch representative, he recommended unsuitable variable annuity products. In 2003 the complaint reached a settlement of $12,000.

According to the Financial Industry Regulatory Authority, Jim Shawver holds 27 years of securities industry experience. Based in Boynton Beach, Florida, he has been a broker with Peak Brokerage Services since 2020, doing business as Isaacson Tax & Estate Advisors. He has also been registered as an investment advisor with Blackridge Asset Management since 2020. His past registrations include Independent Financial Group, Newbridge Securities Corporation, Isaacson Investment Advisors, Prime Capital Services, Countrywide Investment Services, First Tennessee Brokerage, Merrill Lynch, Banc of America Investment Services, Barnett Investments, and Olde Discount Corporation. His credentials include the passage of five securities industry qualifying exams: the Municipal Securities Representative Examination, or Series 52; the General Securities Representative Examination, or Series 7; 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 is licensed in Colorado, Connecticut, Florida, Georgia, Iowa, New Jersey, New York, and Pennsylvania. (Information current as of August 29, 2022.)

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