Last Updated: August 2023 (Mansfield, Texas)
Bradley Scott Investigation Summary
Here’s what you need to know about Mansfield, Texas, stockbroker Bradley Kyle Scott:
- Name: Mr. Bradley Kyle Scott
- Current Employer: LPL Financial LLC
- Previous Firms: Southwest Securities Inc., Citigroup Global Markets Inc.
- Function: Stock Broker / Financial Advisor
- Aliases: None
- Primary Location: Mansfield, Texas
- CRD 4381014
- Can Bradley Scott be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest customer settlement: $1,400,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bradley K. Scott As Your Stockbroker?
Bradley Scott discloses settlement of a customer arbitration in August 2016 for alleged broker misconduct.
In 8/2016 a customer of his prior employer, Southwest Securities Inc. , filed a FINRA arbitration alleging unauthorized trading and discretion, unsuitable investments, poor performance and misrepresentation. The customer also alleged misuse of margin debt.
The claim sought various damages, including recovery of all losses, charges, expenses, lost earnings, margin interest, unnecessary taxes, lost opportunity costs, attorneys fees, pre and post hearing interest, expert witness fees, costs of the arbitration, and exemplary or punitive damages assessed by the panel.
Of the $1.4 million settlement, Mr. Scott contributed $250,000 individually.
Southwest Securities was a financial services company founded in 1972 and headquartered in Dallas, Texas. In January 2015 the firm was acquired by Hilltop Holdings Inc. (NYSE: HTH), who was the parent of First Southwest Company, a Dallas based broker-dealer established in 1946. Southwest Securities and First Southwest were combined as Hilltop Securities in January 2016.
Allegations of Broker Misconduct Against Bradley Scott:
A customer of Bradley Scott alleged the following wrongdoing in connection with the handling of his customer account:
- Unauthorized Trading
- Unauthorized Discretion
- Unsuitable Investments
- Poor Performance
- Misrepresentation
- Margin Interest Issues
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Bradley Scott, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
