christopher j shaw - finra

BrokerCheck Report

Christopher J Shaw

Section Title

Report Summary

Broker Qualifications

Registration and Employment History

Disclosure Events

CRD# 5011382

1

2 - 4

6 - 7

8

Page(s)

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Christopher J. Shaw

CRD# 5011382

Currently employed by and registered with thefollowing Firm(s):

NEWBRIDGE SECURITIESCORPORATIONGLENWAY COMMONS BLVD100 GLENWAY STREET, SUITE JBELMONT, NC 28012CRD# 104065Registered with this firm since: 09/24/2020

B

NEWBRIDGE FINANCIAL SERVICESGROUP, INC.GLENWAY COMMONS BLVD100 GLENWAY STREET, STE JBELMONT, NC 28012CRD# 130814Registered with this firm since: 01/13/2021

IA

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additionalinformation can be found in the detailed report.

Disclosure Events

All individuals registered to sell securities or provideinvestment advice are required to disclose customercomplaints and arbitrations, regulatory actions,employment terminations, bankruptcy filings, andcriminal or civil judicial proceedings.

Are there events disclosed about this broker? Yes

The following types of disclosures have beenreported:

Type Count

Customer Dispute 7

Termination 1


This broker is registered with:

2 Self-Regulatory Organizations

3 U.S. states and territories

This broker has passed:

0 Principal/Supervisory Exams

2 General Industry/Product Exams

3 State Securities Law Exams

Registration History

This broker was previously registered with thefollowing securities firm(s):

PRUDENTIAL FINANCIAL PLANNINGSERVICESCRD# 5685NEWARK, NJ05/2019 - 09/2020

IA

PRUCO SECURITIES, LLC.CRD# 5685CHARLOTTE, NC05/2019 - 09/2020

B

KALOS MANAGEMENTCRD# 133025ALPHARETTA, GA01/2017 - 05/2019

IA

www.finra.org/brokercheck User Guidance

1�2022 FINRA. All rights reserved. Report about Christopher J. Shaw.


http://www.finra.org/brokercheck

http://www.finra.org/brokercheck_reports



Registrations

This section provides the self-regulatory organizations (SROs) and U.S. states/territories the broker is currently registered and licensed with, thecategory of each license, and the date on which it became effective. This section also provides, for every brokerage firm with which the broker iscurrently employed, the address of each branch where the broker works.

This individual is currently registered with 2 SROs and is licensed in 3 U.S. states and territories through his or her employer.

Employment 1 of 2Firm Name:

Main Office Address:

Firm CRD#:

NEWBRIDGE FINANCIAL SERVICES GROUP, INC.

130814

1200 NORTH FEDERAL HIGHWAYSUITE 400BOCA RATON, FL 33432

BU.S. State/ Territory Category Status Date

IA North Carolina Investment Adviser Representative APPROVED 01/13/2021

IA Texas Investment Adviser Representative APPROVED 01/24/2022

Branch Office Locations

This individual does not have any registered Branch Office where the individual is located.

Employment 2 of 2Firm Name:

Main Office Address:

Firm CRD#:

NEWBRIDGE SECURITIES CORPORATION

104065

1200 NORTH FEDERAL HIGHWAYSUITE 400BOCA RATON, FL 33432

SRO Category Status Date

B FINRA General Securities Representative APPROVED 09/24/2020

B Nasdaq Stock Market General Securities Representative APPROVED 09/24/2020





http://www.finra.org/brokercheck_glossary



Employment 2 of 2, continued

BU.S. State/ Territory Category Status Date

B North Carolina Agent APPROVED 01/13/2021

B South Carolina Agent APPROVED 03/01/2021

Branch Office Locations

NEWBRIDGE SECURITIES CORPORATIONGLENWAY COMMONS BLVD100 GLENWAY STREET, SUITE JBELMONT, NC 28012







Industry Exams this Broker has Passed

This individual has passed 0 principal/supervisory exams, 2 general industry/product exams, and 3 state securities law exams.

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registrationafter receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker hasreceived are not included below.

Exam Category Date

Principal/Supervisory Exams

No information reported.

Exam Category Date

General Industry/Product Exams

Securities Industry Essentials Examination 10/01/2018SIEB

General Securities Representative Examination 12/13/2005Series 7B

Exam Category Date

State Securities Law Exams

Uniform Investment Adviser Law Examination 01/30/2017Series 65IA

Uniform Securities Agent State Law Examination 12/15/2011Series 63B

Uniform Combined State Law Examination 09/14/2006Series 66B IA

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found atwww.finra.org/brokerqualifications/registeredrep/.





www.finra.org/brokerqualifications/registeredrep/



Professional Designations

This section details that the representative has reported 0 professional designation(s).

No information reported.







Registration History

Registration Dates Firm Name CRD# Branch Location

The broker previously was registered with the following firms:

IA 05/2019 - 09/2020 PRUDENTIAL FINANCIAL PLANNINGSERVICES

5685 CHARLOTTE, NC

B 05/2019 - 09/2020 PRUCO SECURITIES, LLC. 5685 CHARLOTTE, NC

IA 01/2017 - 05/2019 KALOS MANAGEMENT 133025 Belmont, NC

B 09/2011 - 05/2019 KALOS CAPITAL, INC. 44337 Belmont, NC

B 12/2005 - 05/2010 BLACKBIRD NORTH AMERICA 104176 CHARLOTTE, NC

Employment History

Employment Employer Name Investment RelatedPosition Employer Location

This section provides up to 10 years of an individual broker's employment history as reported by the individual broker on the most recently filedForm U4.

Please note that the broker is required to provide this information only while registered with FINRA or a national securities exchangeand the information is not updated via Form U4 after the broker ceases to be registered. Therefore, an employment end date of"Present" may not reflect the broker's current employment status.

09/2020 - Present NEWBRIDGE FINANCIAL SERVICESGROUP, INC

REGISTEREDINVESTMENTADVISOR

Y BELMONT, NC, UnitedStates

09/2020 - Present NEWBRIDGE SECURITIESCORPORATION

REGISTEREDREPRESENTATIVE

Y BELMONT, NC, UnitedStates

10/2017 - Present CJS Wealthmanagement CEO/Founder Y Belmont, NC, United States

08/2013 - Present CLEAR MARKETS NORTH AMERICA BOARD DIRECTOR N CHARLOTTE, NC, UnitedStates

05/2019 - 09/2020 Pruco Secuities LLC RegisteredReprentative

Y Charlotte, NC, United States

05/2019 - 09/2020 THE PRUDENTIAL INSURANCECOMPANY OF AMERICA

Financail Professional N Charlotte, NC, United States

08/2011 - 05/2019 KALOS CAPITAL INC REGISTEREDREPRESENTATIVE

Y ALPHARETTA, GA, UnitedStates







Other Business Activities

This section includes information, if any, as provided by the broker regarding other business activities the broker is currently engaged in either asa proprietor, partner, officer, director, employee, trustee, agent or otherwise. This section does not include non-investment related activity that isexclusively charitable, civic, religious or fraternal and is recognized as tax exempt.

(1) |RESURGENCE PPG POSITION:Trustee, NATURE: Resurgence PPG is a disabled veteran owned and operated, 501(c)(3) nonprofit charity that strives to provide therapy andrehabilitation to disabled, injured, and ill service members and veterans through the liberation of personal flight experienced via poweredparagliding. These adventures are provided at no cost to the service member/veteran and are only made possible through the donations andsupport of corporations and individuals like you. Please click on the donations page to make a donation to bring flight to those that have given somuch. INVESTMENT RELATED: No, NUMBER OF HOURS: 4, SECURITIES TRADING HOURS: 0 START DATE: 07/03/2017 ADDRESS: 116Missouri Lane, Mount Holly NC 28120, United States, DESCRIPTION: Advice and help with Marketing and Promotions, to expand PPG's footprint in the Veteran Non-Profit space.

(2) CJS WEALTH MANAGEMENT (DBA):POSITION: owner/President, NATURE: Finance and Insurance, INVESTMENT RELATED: YES, NUMBER OF HOURS: 160, SECURITIESTRADING HOURS: 160, START DATE: 10/02/2007ADDRESS: 100 Glenwat St,SuiteJ, Belmont NC 28012, United States,DESCRIPTION: financial advisor.

(3) CJS WEALTHMANAGEMENT(DBA):INSURANCE AGENT - Fixed Indexed Annuities,Life Insurance,100 Glenway Street,Belmont,NC 28012.

(4) CLEAR MARKETS NORTH AMERICA:POSITION: A BOARD DIRECTOR, NATURE: Finance and Insurance, INVESTMENT RELATED: No, NUMBER OF HOURS: 2, SECURITIESTRADING HOURS: 0, START DATE: 08/19/2013ADDRESS: 831 EAST MOREHEAD ST, Suite 150, Charlotte NC 28202, United States.DESCRIPTION: ENSURE THE COMPANY'S PROSPERITY BY COLLECTIVELY DIRECTING THE COMPANY'S AFFAIRS, WHILST MEETINGTHE APPROPRIATE INTERESTS OF ITS SHAREHOLDERS AND STAKEHOLDERS. IN ADDITION TO BUSINESS AND FINANCIAL ISSUES,BOARDS OF DIRECTORS MUST DEAL WITH CHALLENGES AND ISSUES RELATING TO CORPORATE GOVERNACE CORPORATE SOCIALRESPONSIBILITY AND CORPORATE ETHICS.

(5) SOUTH CAROLINA STATE GUARD:POSITION: SGT E5 NATURE: Government and Civic Body INVESTMENT RELATED: No, NUMBER OF HOURS: 7, SECURITIES TRADINGHOURS: 0, START DATE: 07/01/2015ADDRESS: South Carolina State Guard, 551 Granby Ln, Columbia SC 29201, United States.DESCRIPTION: To provide support for law enforcement at military events or as a force multiplier at civilian events.






Disclosure Events

What you should know about reported disclosure events:

1. All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations,regulatory actions, employment terminations, bankruptcy filings, and criminal or civil judicial proceedings.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to disclose a particular criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules or conduct governing the

industry and that the activity resulted in damages of at least $5,000. o

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report, information contained in BrokerCheck comes from brokers, brokerage firms and

regulators. When more than one of these sources reports information for the same disclosure event, all versions of the event willappear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

o4. There are different statuses and dispositions for disclosure events:

o A disclosure event may have a status of pending, on appeal, or final.§ A "pending" event involves allegations that have not been proven or formally adjudicated.§ An event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.§ A "final" event has been concluded and its resolution is not subject to change.

o A final event generally has a disposition of adjudicated, settled or otherwise resolved.§ An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative

panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.§ A "settled" matter generally involves an agreement by the parties to resolve the matter. Please note that brokers and

brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons.§ A "resolved" matter usually involves no payment to the customer and no finding of wrongdoing on the part of the

individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further informationregarding these events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain furtherinformation regarding these events.

Final On AppealPending

Customer Dispute 0 7 N/A

Termination N/A 1 N/A






Disclosure Event Details

When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and havenot been resolved or proven. The matter may, in the end, be withdrawn, dismissed, resolved in favor of the broker, or concluded through anegotiated settlement for certain business reasons (e.g., to maintain customer relationships or to limit the litigation costs associated with disputingthe allegations) with no admission or finding of wrongdoing.

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report maybe blank if the information was not provided to CRD.

Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated, investment-related complaint, arbitration proceeding or civil suit containing allegationsof sale practice violations against the broker that resulted in a monetary settlement to the customer.

Disclosure 1 of 7

Reporting Source: Firm

Employing firm whenactivities occurred which ledto the complaint:

Allegations:

Kalos Capital, Inc.

Claimant is alleging claiming breach of contract, breach of fiduciary duty,negligence, and recommendations of unsuitable, risky, illiquid, complex alternativeinvestments.

Product Type: Direct Investment-DPP & LP InterestsReal Estate SecurityOther: Non-traded REITs

Alleged Damages: $175,000.00

Date Complaint Received: 03/25/2021

Complaint Pending? No

Status:

Status Date: 06/30/2021

Settlement Amount:

Customer Complaint Information

Settled

Is this an oral complaint? No

Is this a written complaint? Yes

Is this an arbitration/CFTCreparation or civil litigation?

No






Settlement Amount: $25,000.00

Individual ContributionAmount:

$0.00

Date Notice/Process Served: 03/25/2021

Arbitration Pending? No

Disposition: Settled

Disposition Date: 06/30/2021

Monetary CompensationAmount:

$25,000.00

Firm Statement This claim was solicited via the internet by a law firm claiming they wereinvestigating fraud by an issuer. Kalos and I deny any and all wrongdoing and Iwould have preferred to vigorously defend our actions in a fair venue. As confidentas I am that I would be exonerated of any wrongdoing, Kalos determined as abusiness judgment that it was in the firm's best interests to resolve the disputerather than incur the time, business disruption, and legal expenses associated witha protracted arbitration proceeding. While this deprives me of due process, Iunderstand the claim has nuisance value for settlement from a business standpointfor Kalos.

Arbitration Information


$0.00

Arbitration/CFTC reparationclaim filed with (FINRA, AAA,CFTC, etc.):

FINRA

Docket/Case #: 21-00807

iReporting Source: Broker


Allegations:

Kalos Capital, Inc.

Claimant is alleging claiming breach of contract, breach of fiduciary duty,negligence, and recommendations of unsuitable, risky, illiquid, complex alternativeinvestments.

Product Type: Direct Investment-DPP & LP InterestsReal Estate SecurityOther: Non-traded REITs






Direct Investment-DPP & LP InterestsReal Estate SecurityOther: Non-traded REITs







$25,000.00



$0.00


FINRA


Disclosure 2 of 7

i



Allegations:

PRUCO SECURITIES, LLC.

Claimant alleges the representative engaged in unsuitable recommendations andmisrepresentation in connection with a private placement investment.

Product Type: Direct Investment-DPP & LP Interests



Is this a written complaint? No


Yes

Arbitration/Reparation forumor court name and location:

FINRA

Docket/Case #: FID1190833

Filing date ofarbitration/CFTC reparationor civil litigation:

03/11/2021








Status:


Settlement Amount:







$14,125.00




$0.00

Evolved into Arbitration/CFTC reparation (the individual is a named party)


03/11/2021


FINRA

Docket/Case #: FID1190833

iReporting Source: Firm


Allegations:

Kalos Capital, Inc.

Breach of contract, breach of fiduciary duty and violations of North Carolinasecurities statutes. Claimant is seeking an award in the amount of between$50,000 and $100,000, including all direct and/or consequential damages andstatutory and/or punitive damages; plus interest and costs as provided by statute.

Direct Investment-DPP & LP InterestsOther: Alternative Investments






Product Type: Direct Investment-DPP & LP InterestsOther: Alternative Investments







$14,125.00

Firm Statement This claim was solicited via the internet by a law firm claiming they wereinvestigating fraud by an issuer. Kalos and I deny any and all wrongdoing and Iwould have preferred to vigorously defend our actions in a fair venue. As confidentas I am that I would be exonerated of any wrongdoing, Kalos determined as abusiness judgment that it was in the firm's best interests to resolve the disputerather than incur the time, business disruption, and legal expenses associated witha protracted arbitration proceeding. While this deprives me of due process, Iunderstand the claim has nuisance value for settlement from a business standpointfor Kalos.



$0.00

Alleged Damages AmountExplanation (if amount notexact):

Between $50,000 and $100,000, plus interest and costs, all lost opportunities,recission of all transactions, statutory damages, punitive damages, and pre-awardand pre-judgement interest on all sums invested from the date deposited until thedate of the award.


FINRA




Allegations:

KALOS CAPITAL INC. AND PRUCO SECURITIES LLC

Breach of contract, breach of fiduciary duty and violations of North Carolinasecurities statutes. Claimant is seeking an award in the amount of between$50,000 and $100,000, including all direct and/or consequential damages andstatutory and/or punitive damages; plus interest and costs as provided by statute.






Allegations: Breach of contract, breach of fiduciary duty and violations of North Carolinasecurities statutes. Claimant is seeking an award in the amount of between$50,000 and $100,000, including all direct and/or consequential damages andstatutory and/or punitive damages; plus interest and costs as provided by statute.

Product Type: Direct Investment-DPP & LP InterestsOther: ALTERNATIVES INVESTMENTS







$14,125.00



$0.00


Between $50,000 and $100,000, plus interest and costs, all lost opportunities,recission of all transactions, statutory damages, punitive damages, and pre-awardand pre-judgement interest on all sums invested from the date deposited until thedate of the award.


FINRA


Disclosure 3 of 7

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Allegations:

PRUCO SECURITIES, LLC.

Claimants allege the representative engaged in unsuitable recommendations.

Product Type: Other: GPB Capital



Yes








Status:


Settlement Amount:







$25,000.00

Firm Statement Client was solicited by a claimants' law firm due to a currently poor performinginvestment to bring action against me and Kalos Capital. The claimantsunderstood the risks, and the investment recommendations were suitable for theirstated goals, objectives, and risk profiles. Kalos Capital, Inc. determined as abusiness judgment that it was in the firm's best interests to resolve the disputerather than incur the time, disruption, and legal expenses associated with aprotracted arbitration proceeding.




$0.00




Yes


FINRA



12/10/2020


FINRA







Client was solicited by a claimants' law firm due to a currently poor performinginvestment to bring action against me and Kalos Capital. The claimantsunderstood the risks, and the investment recommendations were suitable for theirstated goals, objectives, and risk profiles. Kalos Capital, Inc. determined as abusiness judgment that it was in the firm's best interests to resolve the disputerather than incur the time, disruption, and legal expenses associated with aprotracted arbitration proceeding.



Allegations:

Kalos Capital, Inc.

Unsuitable and overconcentrated recommendations.

Product Type: Direct Investment-DPP & LP InterestsEquity Listed (Common & Preferred Stock)Real Estate Security







$25,000.00

Firm Statement Client was solicited by a claimants' law firm due to a currently poor performinginvestment to bring action against me and Kalos Capital. The claimantsunderstood the risks, and the investment recommendations were suitable for theirstated goals, objectives, and risk profiles.

Kalos Capital, Inc. determined as a business judgment that it was in the firm's bestinterests to resolve the dispute rather than incur the time, disruption, and legalexpenses associated with a protracted arbitration proceeding.



$0.00


Claimants filed for damages between $100,000 and $500,000 for respondentsKalos Capital, Inc and Pruco Securities


FINRA







Client was solicited by a claimants' law firm due to a currently poor performinginvestment to bring action against me and Kalos Capital. The claimantsunderstood the risks, and the investment recommendations were suitable for theirstated goals, objectives, and risk profiles.

Kalos Capital, Inc. determined as a business judgment that it was in the firm's bestinterests to resolve the dispute rather than incur the time, disruption, and legalexpenses associated with a protracted arbitration proceeding.



Allegations:

PRUCO SECURITIES, LLC.AND KALOS CAPITAL, INC

Claimants allege the representative engaged in unsuitable recommendations.

Product Type: Direct Investment-DPP & LP InterestsEquity Listed (Common & Preferred Stock)Real Estate SecurityOther: GPB Capital




Status:


Settlement Amount:




Claimants filed for damages between $100,000 and $500,000 for respondentsKalos Capital, Inc and Pruco Securities




Yes


FINRA



12/10/2020






Settlement Amount:







$50,000.00

Broker Statement In the response this is part of a group settlement, which was accepted between theChristmas and New Year period. I am waiting on finalized paperwork.



$0.00


FINRA


Disclosure 4 of 7

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Allegations:

Kalos Capital, Inc.

Claimant alleges that they did not qualify as an accredited investor when thissolicitation was made inSeptember 2016 and has no recollection of signing subscription documents and hehas no memory of receiving or reviewing any offering memoranda













Status:




$0.00

Firm Statement We believe the claim is without merit and vehemently deny the claim. We have onfile signed documents that refute the client's claims.


Settled


Yes


Raleigh, NC



04/15/2020



Allegations:

Kalos Capital, Inc

Allegation(s) and a brief summary of events related to the allegation(s) includingdates when activities leading to the allegation(s) occurred:Claimant alleges that they did not qualify as an accredited investor when thissolicitation was made in September 2016 and has no recollection of signingsubscription documents and he has no memory of receiving or reviewing anyoffering memoranda













Status:




$0.00


Settled


Yes


Raleigh, NC



04/15/2020

Disclosure 5 of 7

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Allegations:

KALOS CAPITAL, INC

Claimant alleges the representative engaged in misrepresentation and unsuitablerecommendations.

Product Type: Real Estate SecurityOther: PRIVATE PLACEMENT



100,000 - 500,000 plus interest and costs



Is this an arbitration/CFTCreparation or civil litigation? 20�2022 FINRA. All rights reserved. Report about Christopher J. Shaw.







Status:


Settlement Amount:







$12,000.00




$0.00



Yes


FINRA -Christine K. Witherspoon v. KALOS CAPITAL, INC.,



02/26/2020






Kalos Capital, Inc.







Allegations:

Kalos Capital, Inc.

Unsuitability

Product Type: Direct Investment-DPP & LP InterestsOther: Alternative Investments







$41,237.00



$0.00


The amt cited was $100-500k.


FINRA




Allegations:

KALOS CAPITAL, INC

Claimant alleges the representative engaged in misrepresentation and unsuitablerecommendations

Product Type: Real Estate SecurityOther: Private Placement__________________


Alleged Damages AmountExplanation (if amount notexact): 22�2022 FINRA. All rights reserved. Report about Christopher J. Shaw.










$41,237.00

Broker Statement FIRM RECEIVED NOTIFICATION ON 2/19/2021 THAT U5 SETTLEMENT WASSUBMITTED BY PREVIOUS FIRM ON 2/18/2021.



$0.00


100,000 - 500,000 plus interest and costs




Disclosure 6 of 7

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Allegations:

Kalos Capital, Inc.

breach of fiduciary duty; unsuitable investments

Product Type: Other: Alternative investments





FINRA












$125,000.00


$0.00



Allegations:

Kalos Capital, Inc.

breach of fiduciary duty; unsuitable investments

Product Type: Other: Alternative investments







$125,000.00



$0.00


FINRA


Disclosure 7 of 7

i








Allegations:

Kalos Capital, Inc.

Client alleges unsuitable investments in alternative securities between 11/2012and 05/2017.

Product Type: Oil & GasReal Estate Security




Status:




$0.00

Firm Statement Kalos Capital, Inc. determined as a business judgement that it was in the firm'sbest interests to resolve the dispute rather than incur time,disruption, and legalexpenses associated with a protracted proceeding.


Settled




Yes


FINRA



05/01/2019








Allegations:

Kalos Capital, Inc.

CLIENT ALLEGES UNSUITABLE INVESTMENTS IN ALTERNATIVE SECURITIESBETWEEN 11/2012 AND 05/2017

Product Type: Oil & GasReal Estate Security




Status:




$0.00

Broker Statement I had worked with [REDACTED] since 2012. Over that time, we worked toestablish a diversified portfolio which included several asset classes. Irecommended to [REDACTED] - annuities for the guarantees, stocks for liquidity,BDC, REIT's and private equities for income.[REDACTED] stated that she would be losing the alimony she had been relyingupon at a certain point and needed to replace that part of her income. In trying tomeet her needs, we reviewed several investments but decided the REITs andprivate equities most closely met her need.In making my recommendations, I utilized the Kalo's approved marketingmaterials; no materials other than these approved documents were used with[REDACTED]. We met, discussed the merits and risks associated with each of herinvestments, we went through the fact-finding process and as required for theprivate equity portion determined that she was an accredited investor.[REDACTED] indicated at that time that she was in fact comfortable with theseinvestments to replace the income she was losing, so we proceeded with theinvestments.I took every step possible to cover [REDACTED] need to replace the income shewas losing while thoroughly explaining to her all the risks associated with theseinvestments. I feel that I did everything possible to provide her with professional,unbiased portfolio recommendations based on her stated objectives. Allrecommendations made to [REDACTED] were only acted upon after I explainedthe risks/potential rewards to her and she confirmed that she understood andwanted to proceed.


Settled




Yes


FINRA



05/01/2019






I had worked with [REDACTED] since 2012. Over that time, we worked toestablish a diversified portfolio which included several asset classes. Irecommended to [REDACTED] - annuities for the guarantees, stocks for liquidity,BDC, REIT's and private equities for income.[REDACTED] stated that she would be losing the alimony she had been relyingupon at a certain point and needed to replace that part of her income. In trying tomeet her needs, we reviewed several investments but decided the REITs andprivate equities most closely met her need.In making my recommendations, I utilized the Kalo's approved marketingmaterials; no materials other than these approved documents were used with[REDACTED]. We met, discussed the merits and risks associated with each of herinvestments, we went through the fact-finding process and as required for theprivate equity portion determined that she was an accredited investor.[REDACTED] indicated at that time that she was in fact comfortable with theseinvestments to replace the income she was losing, so we proceeded with theinvestments.I took every step possible to cover [REDACTED] need to replace the income shewas losing while thoroughly explaining to her all the risks associated with theseinvestments. I feel that I did everything possible to provide her with professional,unbiased portfolio recommendations based on her stated objectives. Allrecommendations made to [REDACTED] were only acted upon after I explainedthe risks/potential rewards to her and she confirmed that she understood andwanted to proceed.






Employment Separation After Allegations

This type of disclosure event involves a situation where the broker voluntarily resigned, was discharged, or was permitted to resign after beingaccused of (1) violating investment-related statutes, regulations, rules or industry standards of conduct; (2) fraud or the wrongful taking ofproperty; or (3) failure to supervise in connection with investment-related statutes, regulations, rules, or industry standards of conduct.

Disclosure 1 of 1


Employer Name: Pruco Securities, LLC

Termination Type: Discharged

Termination Date: 09/02/2020

Allegations: Registered Representative transacted discretionary trades in client brokerageaccounts, and inaccurately marked certain trades as unsolicited when they weresolicited.

Product Type: Other: Brokerage Accounts


Employer Name: PRUCO SECURITIES, LLC

Termination Type: Discharged

Termination Date: 09/02/2020

Allegations: REGISTERED REPRESENTATIVE TRANSACTED DISCRETIONARY TRADESIN CLIENT BROKERAGE ACCOUNTS, AND INACCURATELY MARKEDCERTAIN TRADES UNSOLICITED WHEN THEY WERE SOLICITED.

Product Type: Other: BROKERAGE ACCOUNTS






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christopher j shaw - finra

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