April 7, 2016-New York, NY
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.
FINRA records are public and can be accessed on the BrokerCheck website.
The FINRA records of stockbroker Neal Scott report that he has recently been named in a customer dispute. In September 2015 a customer made a complaint alleging that while Scott was employed by Euro Pacific Capital he breached his fiduciary duty as well as FINRA conduct and suitability rules by failing to hedge positions and prevent a decline in the customer’s portfolio. Damages of $150,000 are alleged.
Scott’s FINRA record reports a prior arbitration of a customer dispute where the customer was awarded $84,100 and another customer dispute that was settled for $262,000.
The FINRA report discloses six outstanding liens against Scott, including five IRS liens.
Scott is currently employed by Meyers Associates. He was employed by Euro Pacific Capital from 11/ 2007-10/2015.
If you have losses in an account handled by Neal Scott contact us to learn how you may be able to recover damages from his employer.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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