Timothy Shaw is the Subject of a Regulatory Action in Indiana

Timothy Shaw (CRD #: 4513902), a broker registered with Osaic Wealth, is the subject of a regulatory action in the State of Indiana. This disclosure appears on his BrokerCheck record, accessed on March 5, 2024. Keep reading if you have questions regarding his alleged conduct. 

Indiana Regulatory Action 

On December 18, 2023, Indiana alleged that Timothy Shaw entered into approximately 255 non-discretionary investment advisory agreements with Gineris Wealth Management clients. The agreements allegedly did not disclose that the investment advisory services would be provided by a third party, an SEC-registered firm with discretionary trading authority. 

The firm charges a thirty-five basis point annual fee, which allegedly resulted in approximately $227,500 in unauthorized fees to GWM Clients. Additionally, Timothy Shaw allegedly employed an individual not registered with the Indiana Securities Division as a “Registered Representative” of the firm. 

Timothy Shaw consented to a $8,250 fine. 

Background Information 

Timothy Shaw has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in seven states and is a registered investment adviser in Florida, Illinois, Indiana, and Texas. 

During his 21 years of experience, he registered with five firms: 

• Osaic Wealth (CRD #: 23131) 
• Gineris Wealth Management (CRD #: 295095) 
• Woodbury Financial Services (CRD #: 421) 
• World Equity Group (CRD #: 29087) 
• Northwestern Mutual Investment Services (CRD #: 2881) 

Kurta Law Can Help 

If you have worked with Timothy Shaw and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.