Last Updated: September 2023 (Fort Worth, TX )
Scott McAfee Investigation Summary
Here’s what you need to know about Fort Worth, TX , stockbroker Kenneth Scott McAfee
- Name: Mr .Kenneth Scott McAfee
- Current Employer: Signal Securities Inc.
- Previous Firms: Merrill Lynch Pierce Fenner & Smith,
- Function: Stock Broker/ Financial Advisor
- Aliases: Scott McAfee
- Primary Location: Fort Worth, TX
- CRD 4993087
- Can Scott McAfee be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a prior employer: Yes
- Highest Settlement : $40,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Scott McAfee As Your Stockbroker?
In 2015 a customer of his former employer Merrill Lynch was paid $40,000 to resolve allegations that Scott McAfee made unauthorized trades in their account.
In 2017 Scott McAfee voluntarily resigned from Merrill Lynch following allegations that he exercised time and price discretion in a nondiscretionary account.
Allegations of Broker Misconduct Against Scott McAfee
Customers of Scott McAfee have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Unauthorized Trading
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 McAfee, 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.
