Rex Securities Law Investment Fraud Attorney Investigates Great Point Capital Broker Scott Kemps

Rex Securities Law Investment Fraud Attorney Investigates Great Point Capital Broker Scott Kemps

Rex Securities Law Investment Fraud Attorney Investigates Great Point Capital Broker Scott Kemps 150 150 Robert Rex, Esq.

Last Updated: November 2023 (Melbourne, Florida)

Scott Kemps Investigation Summary

Here’s what you need to know about Melbourne, FL, stockbroker Scott Kemps:

  • Name: Mr. Scott Arthur Kemps
  • Current Employer: Great Point Capital
  • DBA: Spectrum Capital Management
  • Previous Firms: Meyers Associates, Anderson & Strudwick
  • Function: Stock Broker/ Financial Advisor
  • Aliases: Scott Kemps
  • Primary Location: Melbourne, FL
  • CRD 1849069
  • Can Scott Kemps be sued in FINRA arbitration: Yes
  • Sanctioned by Florida Securities Regulator: Yes
  • Highest Settlement or Award: $450,000

Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Did You Lose Money With Scott Kemps As Your Stockbroker?

In 2014 Scott Kemps was assessed an administrative fine of $5,000 by The Florida Office of Financial Regulation for engaging in the investment advisory business from offices within Florida without being lawfully registered pursuant to FS 517.12(4).

Scott Kemps discloses six settlements with former customers, including the following:

  • 2022- A customer of Great Point Capital was paid $450,000 to resolve allegations Kemps recommended unsuitable, speculative and illiquid limited partnership investments.
  • 2022- A customer of Great Point Capital was paid $206,300 to resolve allegations Kemps recommended unsuitable private investments.
  • 2021- A customer of Great Point Capital was paid $400,000 to resolve allegations Kemps recommended GPB funds without adequate due diligence
  • 2022- A customer of Great Point Capital was paid $400,000 to resolve allegations Kemps recommended investments in three unsuitable direct participation investments

Allegations of Broker Misconduct Against Scott Kemps

Customers of Scott Kemps have alleged the following wrongdoing in connection with the handling of customer accounts:

Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.

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 Scott Kemps, contact us for a complimentary consultation with an experienced 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.

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