Charles Chamberlin Shafe, of Maitland, Florida, a stockbroker formerly registered with Transam Securities, Inc., has been named in a customer initiated investment related written complaint on February 7, 2017, in which the customer requested $15,597.00 in damages based upon allegations that Shafe was responsible for the customer’s poor investment performance on a real estate security investment.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Shafe has been identified in four additional customer initiated investment related disputes containing allegations of Shafe’s misconduct while employed with Transam Securities. Particularly, on February 28, 2016, a customer initiated investment related written complaint involving Shafe’s conduct was settled for $2,500.00 in damages based upon allegations that Shafe contributed to the customer sustaining a $32,000.00 loss on tax certificate investments.

On September 10, 2013, a customer initiated investment related arbitration claim involving Shafe’s activities was settled for $150,000.00 in damages based upon allegations that Shafe effected unsuitable transactions in the customer’s account, failed to diversify the customer’s holdings, and inadequately conducted due diligence in reference to the customer’s investments in real estate securities, oil and gas products, equipment leasing and direct investment products. Further, on April 18, 2014, another customer initiated investment related arbitration claim regarding Shafe’s activities was resolved for $125,000.00 in damages based upon allegations that Shafe effected direct participation program and oil and gas investment transactions in the customer’s account which were not suitable for the customer.

Guiliano Law Group

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