Christopher John Shaw (CRD #5011382, Belmont, North Carolina)

An AWC was issued in which Christopher John Shaw (CRD #5011382) was suspended from association with any FINRA member in all capacities for 15 business days. The AWC also included a fine of $5000. With no admission or denial of FINRA’s findings, Christopher John Shaw did consent to FINRA’s sanctions and to the entry of findings that he “exercised discretion to execute trades in customer accounts without the customers’ written authorization or his member firm’s acceptance to trade the accounts on a discretionary basis.” FINRA’s findings further stated that “Shaw mistakenly believed he had discretionary authority for the accounts. However, the firm did not permit the use of discretion in its brokerage accounts.” The suspension of Christopher John Shaw (CRD #5011382) was in effect from December 5, 2022-December 23, 2022. (FINRA Case #2020067955001)