Advisor Alert: Our Attorneys Are Investigating Kevin Scott For Investment Fraud
Did You Lose Money Because of Kevin Scott?
Filed: January 24, 2024
Kevin Scott has been the subject of one (1) termination event and three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Kevin Scott.
Who Is Kevin Scott of Ameriprise Financial Services, LLC?
- Advisor Name: Kevin Scott
- Aliases: Kevin Scott
- CRD: 2677403
- Location: Fairfield Township, New Jersey
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: Wells Fargo Clearing Services, LLC and RBC Dain Rauscher Inc.
- Number of Known Customer Complaints: 3
- Number of Known Termination Events: 1
- Can Kevin Scott Be Sued: Yes, in Private Arbitration
- Can Kevin Scott’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $200,000
- Highest Settlement: $32,500
If you have suffered investment losses by Kevin Scott, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Kevin Scott For Broker Misconduct
As of this publication date, Kevin Scott has been the subject of 1 termination event and 3 customer disputes. Let’s review them below.
In September 2020, a complaint was filed against or in reference to Kevin Scott by a customer of Wells Fargo Advisors, LLC alleging that Mr. Scott misrepresented and provided misleading information while making unsuitable investments. Per the customer, he/she lost over $200,000 because of Mr. Scott’s actions.
In March 2016, a FINRA arbitration was filed against or in reference to Kevin Scott by multiple customers of Wells Fargo Advisors, LLC alleging that accounts have been mismanaged. Claimants also allege that between 2004 and 2005, Mr. Scott over-concentrated their accounts in unsuitable Puerto Rico bonds. On April 17, 2017, Mr. Scott settled the claim for $32,500, and some or all of this amount may have been paid by Mr. Scott’s employer and/or insurance carrier.
In December 2004, RBC Dain Rauscher Inc. terminated Kevin Scott for violation of the firm’s code of conduct. The firm believed Mr. Scott requested confidential company records for the purpose of misusing the information.
In October 2003, a complaint was filed against or in reference to Kevin Scott by multiple customers of First Institutional Securities alleging that Mr. Scott advised them to invest in high-risk mutual funds despite their desire for low-risk investments. Per the customers, they lost over $28,200 because of Mr. Scott’s actions.
How To File A Claim Against Kevin Scott of Ameriprise Financial Services, LLC (previously with Wells Fargo Clearing Services, LLC and RBC Dain Rauscher Inc.) To Get Your Money Back
If you have questions about Kevin Scott, Ameriprise Financial Services, LLC, Wells Fargo Clearing Services, LLC, RBC Dain Rauscher Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.