Last Updated: September 2023 (Coram, NY)
Lionel “Larry” Scott Investigation Summary
Here’s what you need to know about Coram, NY, stockbroker Lionel ‘Larry’ Scott:
- Name: Mr. Lionel Darnell Scott
- Current Employer: Barred from securities industry by FINRA
- Previous Firms: Arive Capital Markets, Cape Securities, Salomon Whitney Financial
- Function: Former Stock Broker/ Financial Advisor
- Aliases: Larry Scott
- Primary Location: Coram, NY
- CRD 4738213
- Can Larry Scott be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Pending Customer Dispute Seeks Damages of $307,042
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Lionel “Larry” Scott As Your Stockbroker?
In 8/2021 FINRA permanently barred Larry Scott from the securities industry in all capacities after he failed to cooperate with a FINRA investigation.
In 8/2019 a customer of Arive Capital Markets file a FINRA arbitration alleging that Lionel ‘Larry’ Scott churned their account and made unsuitable recommendations.
Allegations of Broker Misconduct Against Lionel “Larry” Scott
A customer of Larry Scott has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Excessive trading – Churning
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 Larry 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.
