DID TIMOTHY DAVID SHAW CAUSE YOU INVESTMENT LOSSES?
Timothy Shaw Formerly With First Horizon Advisors, Inc. was terminated on August 2, 2024, after the firm determined that he violated policies regarding the disclosure of Outside Business Activities.
Who is Timothy Shaw formerly with First Horizon Advisors, Inc.?
Timothy Shaw (CRD #6131729) who was formerly registered as a broker with First Horizon Advisors, Inc. and located in Monroe, Louisiana, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Timothy Shaw Employment History
Timothy David Shaw has a background in the financial services industry, having worked for multiple firms throughout his career. His most recent registration was with First Horizon Advisors, Inc., where he was registered from January 2022 until August 2024. Prior to that, he was briefly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in 2013. Timothy has passed three general industry/product exams, including the General Securities Representative Examination (Series 7) twice (January 23, 2013, and January 7, 2022) and the Securities Industry Essentials Examination on April 28, 2021. Additionally, he passed the Uniform Combined State Law Examination on February 26, 2013. As of the latest report, Timothy is not currently registered with any firm.
Allegations Against Timothy Shaw
Disclosure Events: Timothy David Shaw has two notable disclosures on his record:
- Customer Dispute:
- Incident: On June 17, 2024, a complaint was filed by the daughter of a deceased client. The complaint alleged that Timothy failed to process paperwork related to moving an annuity into the client’s trust before his death, which could result in substantial legal fees. Additionally, the complaint mentioned an inappropriate real estate transaction between Timothy and the deceased client. The firm investigated and closed the complaint with no action taken on August 1, 2024.
- Termination: Timothy Shaw was discharged from First Horizon Advisors, Inc. on August 2, 2024, following the investigation related to the customer complaint. The firm determined that Timothy violated policies regarding the disclosure of Outside Business Activities, specifically related to an undisclosed real estate transaction, which also breached FINRA Rules 3270 and 2010 concerning standards of commercial honor and trade.
Timothy Shaw Red Flags & Your Rights As An Investor
Of course, Timothy Shaw did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers coupled with the recent termination are red flags which should put all current and former customers of Timothy Shaw at First Horizon Advisors, Inc. on alert to review carefully the activity and performance of their accounts and question whether Timothy Shaw has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at First Horizon Advisors, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At First Horizon Advisors, Inc. Due To Timothy Shaw
If you have questions about First Horizon Advisors, Inc. and/or Timothy Shaw and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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