Garden City, New York financial advisor (CRD# 5225102) has received multiple investor complaints alleging that his investment recommendations led to...Read More
Rick Shaw: $100K REIT Complaint Against Lincoln Financial Advisor
Rick Shaw (CRD# 1870018), a financial advisor in Scottsdale, Arizona, has received investor complaints alleging he sold unsuitable oil and gas investments. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Lincoln Financial Advisors.
Mr. Shaw’s BrokerCheck report discloses four pending investor complaints. The most recent, filed in April 2022, alleges that as a representative of Lincoln Financial Advisors, he recommended an unsuitable oil and gas investment. The pending complaint alleges unspecified damages believed to be greater than $5,000.
A second investor complaint, also filed in April 2022, alleges that Mr. Shaw recommended an oil and gas product that was not suitable. The pending complaint also alleges unspecified damages estimated to be greater than $5,000.
A third investor complaint, filed in February 2022, alleges he sold unsuitable investments in oil and gas securities and real estate investment trusts. The pending complaint alleges damages between $100,000 and $500,000.
A fourth investor complaint, also filed in February 2022, alleges that Mr. Shaw sold unsuitable real estate and oil and gas investments. The pending complaint alleges damages between $100,000 and $500,000.
According to the Financial Industry Regulatory Authority, Rick Shaw holds 33 years of securities industry experience. Based in Scottsdale, Arizona, he has been a broker and investment advisor with Lincoln Financial Advisors since 1998 and 1999, respectively. His past registrations include The Lincoln National Life Insurance Company (Fort Wayne, Indiana; 2001-2006) and Cigna Financial Advisors (Radnor, Pennsylvania; 1988-1998). His credentials include the passage of five securities industry qualifying examinations: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; 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 Alabama, Arizona, California, Colorado, Florida, Idaho, Indiana, Kansas, Louisiana, Maryland, Missouri, Nevada, New Mexico, Ohio, Oklahoma, and Texas. (Information current as of June 17, 2022.)
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