Did You Lose Money Because of Charles Shields Jr.?
Filed: March 4, 2024
Charles Shields Jr. has been the subject of three (3) customer complaints and one (1) regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Charles Daniel Shields Jr..
Who Is Charles Daniel Shields Jr.?
- Advisor Name: Charles Daniel Shields Jr.
- Aliases: Charles Shields Jr.
- CRD: 2067177
- Location: Wayne, Pennsylvania
- Current Employer: Currently Not Registered
- Previous Firms: Wells Fargo Clearing Services, LLC, First Union Capital Markets Corp., and Butcher & Singer Inc.
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 1
- Can Charles Shields Jr. Be Sued: Yes, in Private Arbitration
- Can Charles Shields Jr.’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $143,000
- Highest Settlement: $255,000
If you have suffered investment losses by Charles Shields Jr., we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a portfolio mismanagement lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Charles Shields Jr. For Broker Misconduct
As of this publication date, Charles Shields Jr. has been the subject of 3 customer disputes and 1 regulatory event. Let’s review them below.
In September 2023, FINRA initiated a regulatory action against or in reference to Charles Shields Jr. for allegedly exercising discretion in a customer’s account without prior written authorization from the customer and without his member firm having approved the account for discretionary trading.
In November 2019, a complaint was filed against or in reference to Charles Shields Jr. by a customer of Wells Fargo Clearing Services, LLC alleging that prior to April 2009, Mr. Shields failed to take reasonable steps to ensure Plaintiff’s identity and authorization when opening a brokerage account. On June 4, 2021, Mr. Shields settled the claim for $255,000, and some or all of this amount may have been paid by Mr. Shields’s employer and/or insurance carrier.
In December 2008, a complaint was filed against or in reference to Charles Shields Jr. by a customer of Wachovia Securities, LLC alleging that Mr. Shields did not provide appropriate investment recommendations and executed transactions without authority. Per the customer, he/she lost over $143,000 because of Mr. Shields’s actions.
In May 2002, a complaint was filed against or in reference to Charles Shields Jr. by a customer of First Union Securities Inc. alleging issues regarding performance of an account. Per the customer, he/she lost over $95,000 because of Mr. Shields’s actions.
How To File A Claim Against Charles Shields Jr. (previously with Wells Fargo Clearing Services, LLC, First Union Capital Markets Corp., and Butcher & Singer Inc.) To Get Your Money Back
If you have questions about Charles Shields Jr., Wells Fargo Clearing Services, LLC, First Union Capital Markets Corp., Butcher & Singer Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.
