Michael P. Shaw has over 25 years of experience as a corporate and regulatory attorney in the securities and insurance industries serving the legal, compliance and enforcement defense needs of registered investment advisers, broker-dealers, hedge funds, private equity firms, and insurance agencies.
Michael advises clients on registration and disclosure filings, compliance policies and procedures, regulatory examinations, inquiries and investigations, and defends registered individuals and entities in arbitration and enforcement proceedings.
Michael is admitted to practice in Maryland, the District of Columbia, and the U.S. District Court for the District of Maryland. He holds the Certified Regulatory Compliance Professional (CRCP) certification issued by the FINRA Institute at The Wharton School of the University of Pennsylvania, and the Chartered Financial Consultant (ChFC®) and Chartered Life Underwriter (CLU®) designations issued by the American College of Financial Services.
Michael holds leadership positions on the CFA Society Baltimore Board of Directors as President-Elect and Board Advocacy Chair.
Prior to joining Niles Barton, Michael founded The Shaw Law Group, LLC, a firm that provides compliance and risk management advice, and regulatory enforcement counsel. Previously, he was in-house counsel for CFP Board, FINRA, and Monumental Life Insurance Company (a division of AEGON), where he gained experience in securities and insurance regulations, litigation, and corporate governance.
- District of Columbia
- J.D., The Catholic University of America, 1993
- B.S. in Economics, Marquette University, 1984
- Maryland State Bar Association
- Committee on Corporation Law
- Committee on Securities Law
- District of Columbia Bar Association
- Corporation, Finance and Securities Law Section
- Business Opportunity Network (BWI Chapter)
- Exit Planning Exchange (XPX Maryland)
- Financial Planning Association of Maryland
- NAPFA Study Group (Baltimore)
- NASD President's Award (2006) for his service on the implementation teams for NASD SOX 404 compliance (2005) and the NASD AMEX Transaction (2004)
- Associated Italian American Charities (AIAC), 3rd Vice President
- Center for Creative Leadership, Leadership Development Program (2011)
- CFA Society of Baltimore Board of Directors, President-Elect and Board Advocacy Chair
- Hibernian Society of Baltimore
News and Publications
- Keys to Being an Effective Lawyer for Your Client, BON presentation (February 2021)
- Are you a Fiduciary? Podcast with James Pessagno, financial planner with CIC Wealth (June 2020)Regulation Best Interest: Higher Standards for Broker-Dealers, Strengthened Protections for Investors, Baltimore Business Review (January 2020)
- Common Compliance Failures – FPA Maryland Fall Symposium, Columbia, MD presentation (November 2018)Overview of Financial Services Regulatory Compliance, Enforcement Defense, and Arbitration Practice -- LFA Business Law Community presentation (October 2018)
- Who is a Fiduciary, Why it Matters, and Tips for Compliance Risk Management, Co-Authored with Brian Nally, Esq., Presented at The Eagle Conference, Philadelphia, PA (September 2018)
- How Financial Advisors Can Avoid Compliance Failures: A Review of the SEC's 2018 Examination Priorities, NAPFA webinar presentation and NAPFA Study Group presentation (April 2018)New GDPR Guidelines for Companies, Co-authored with Matthew J. Youssef, Esq. (June 2018)
- Successfully negotiated the IRS’s dismissal of $247,000 in penalties imposed on a non-profit for its alleged failure to report three consecutive years of earnings in its 401(k) plan.
- Secured a FINRA arbitration award granting the expungement of four customer complaints from a broker’s public disclosure record by proving that the broker could not have been involved in two of the alleged sales practice violations, and that the information underlying the two other customer complaints is false.
- Advised client on financing the purchase of an investment property by using qualified retirement plan (IRA) funds as the initial capital contribution without incurring a penalty for early withdrawal.
- Persuaded FINRA to close its investigation with no adverse findings or disciplinary actions against a financial advisor who was alleged, over an 18-year period, to have sold several million dollars in fixed annuities without disclosing such sales as an outside business activity.
- Collaborated with a CPA firm to structure a Professional Service Agreement to enable an investment advisory firm to use current and deferred compensation to purchase the book of business of a retiring advisor.