The securities negligence and fraud attorneys at Colling Gilbert Wright & Carter are currently investigating former Center Street Securities, Inc. ("CSSI") registered representative Satya Brata Shaw ("Mr. Shaw"), from the Tampa, Florida area. According to FINRA BrokerCheck, Mr. Shaw has at least eight regulatory actions and three customer disputes. On or about July 6, 2017, Mr. Shaw entered into a Letter of Acceptance, Waiver and Consent (AWC) alleging a "Failure to Disclose Outside Business Activities" and made "Payments to Unregistered Person." The AWC resulted in Mr. Shaw consenting to a six month suspension from associating with a FINRA member firm in any capacity and a $10,000.00 fine.
Our firm is currently representing at least one client that was sold a number of alternative investments (REITs, Oil & Gas Limited Partnerships and Direct Placements) as well as a very large life insurance policy.
Mr. Shaw had been employed in the securities industry for nearly twenty-five years with eight different firms. In addition to CSSI, he was a registered representative with Madison Avenue Securities, AXA Advisors, MONY Securities Corp, and New York Life.
Clients of Satya Shaw, who have suffered investment losses may be able recover their losses through FINRA securities arbitration. The experienced securities fraud attorneys at Colling Gilbert Wright & Carter have successfully represented hundreds of investors in cases of unsuitable and unauthorized trading, negligence, breaches of fiduciary duty and failures in supervision. Our case reviews are free of charge and our firm is only compensated if you receive compensation for your losses. Please contact us or call (800) 766-1000 for further information.