- (410) 783-6382 direct
- (410) 783-6430 fax
Mr. Shaw is a Partner in the Corporate Department of Niles, Barton & Wilmer, LLP. He 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. He 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.
Mr. Shaw 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.
Mr. Shaw holds leadership positions on the CFA Society Baltimore Board of Directors, and as the Board Advocacy Chair.
Prior to joining Niles Barton, he founded The Shaw Law Group, LLC, a firm that provides compliance and risk management advice, and regulatory enforcement counsel. Previously, Mr. Shaw 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.
Certifications and Designations
- Certified Regulatory Compliance Professional (CRCP)
- Chartered Financial Consultant (ChFC®)
- Chartered Life Underwriter (CLU®)
Honors & Awards
- NASD President's Award, 2006, for his service on the implementation teams for NASD's sox 404 complaint (2005) and the NASD AMEX Transaction (2004)
Representative matters include:
- Registration filings, including initial, and conversion from State to SEC registration.
- Form ADV and other disclosure reporting.
- Revise policies and procedures, and provide training to comply with new regulations, and revised ethical standards e.g., the SEC’s Regulation Best Interest, and revised ethical standards, e.g., CFP Board’s Standards of Professional Conduct.
- Respond to regulatory inquiries, investigations and deficiency letters.
- Represent firms and brokers in SEC, FINRA and State securities regulator investigations of customer complaints, outside business activities, and other matters.
- Financial reporting and disclosures.
- Negotiate solicitation, book transfer, and other agreements between broker dealers.
- Seek expungement of customer complaints from Form U4.
- Representation of entities and individuals alleged to have engaged in the sale of unregistered securities.
Insurance Agents and Other Licensed Professionals
- Representation of licensed insurance agent and in state license revocation proceeding.
- Representation of real estate agent in state license revocation proceedings.
- Appeal of disability claims denials.
- Formation of corporations, limited liability companies, and non-profit organizations.
- Sale and acquisition of professional practices and companies.
- Trademark filings.
- Litigation to resolve disputes between companies, including between contractors and subcontractors.
- Negotiate employment agreements and draft Employee Manuals.
Articles & Presentations
- 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 (February 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 (July 2018)
- New GDPR Guidelines for Companies, Co-authored with Matthew J. Youssef, Esq.
- How to Avoid Compliance Failures – NAPFA webinar presentation(April 2018) and NAPFA Study Group presentation (January 2018)
- Associated Italian American Charities (AIAC)
- Junior Achievement of Central Maryland
- CFA Society of Baltimore
Board of Directors, Board Advocacy Chair
- District of Columbia
- The Catholic University of AmericaWashington, D.C.
- Marquette UniversityMilwaukee, WI
B.S., Economics, 1984
- Maryland State Bar Association
- Committee on Corporation Law
- Securities Law Committee
- District of Columbia Bar Association
- Corporation, Finance and Securities Law Section
- Association of Corporate Growth (ACG Maryland)
- Business Opportunity Network
- NAPFA Study Group (Baltimore)
- SIFMA Compliance & Legal Society
- Exit Planning Exchange (XPX Maryland)