Advisor Alert: Our Attorneys Are Investigating Scott David Coonrod For Investment Fraud
Did You Lose Money Because of Scott Coonrod?
Filed: March 21, 2024
Scott Coonrod currently has two (2) pending customer complaints and two (2) pending judgment/lien events. Overall, he has been the subject of four (4) customer complaints and two (2) judgment/lien events. 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 Scott David Coonrod.
Who Is Scott David Coonrod?
- Advisor Name: Scott David Coonrod
- Aliases: Scott Coonrod
- CRD: 4311374
- Location: Bend, Oregon
- Current Employer: Currently Not Registered
- Previous Firms: FSC Securities Corporation, Morgan Stanley, and Morgan Stanley & Co. Incorporated
- Number of Known Customer Complaints: 4
- Number of Known Judgment/Lien Events: 2
- Can Scott Coonrod Be Sued: Yes, in Private Arbitration
- Can Scott Coonrod’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,228,822
- Highest Settlement: $140,000
If you have suffered investment losses by Scott Coonrod, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations 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 Scott Coonrod For Broker Misconduct
As of this publication date, Scott Coonrod has been the subject of 4 customer disputes and 2 judgment/lien events. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to Scott Coonrod by multiple customers of FSC Securities Corporation alleging that discretionary trading in the account was overly aggressive and not in keeping with their father’s purported needs and objectives. Per the customers, they lost over $1,228,822 because of Mr. Coonrod’s actions. As of this publication date, this claim remains pending.
In November 2022, a FINRA arbitration was filed against or in reference to Scott Coonrod by multiple customers of FSC Securities Corporation alleging that trading on behalf of father/spouse was excessively aggressive. Per the customers, they lost over $1,228,822 because of Mr. Coonrod’s actions. As of this publication date, this claim remains pending.
In March 2022, Scott Coonrod was the subject of a civil judgment or lien in the amount of $16,478.58. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In January 2022, Scott Coonrod was the subject of a civil judgment or lien in the amount of $112,631.73. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2010, a FINRA arbitration was filed against or in reference to Scott Coonrod by a customer of Morgan Stanley & Co. alleging that from March 2007 to October 2008, Mr. Coonrod invested the client’s IRA custom portfolio in an over-concentration of unsuitable equities. Per the customer, he/she lost over $100,000 because of Mr. Coonrod’s actions. On February 24, 2011, Mr. Coonrod settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Coonrod’s employer and/or insurance carrier.
In December 2009, a FINRA arbitration was filed against or in reference to Scott Coonrod by a customer of Morgan Stanley & Co., Inc. alleging that that from February of 2007 through October of 2008, Mr. Coonrod made unsuitable investments in the claimant’s account, and that on October 3, 2008, Mr. Coonrod failed to follow instructions when he did not execute the claimant’s sell order to liquidate her investment portfolio. Per the customer, she lost over $500,000 because of Mr. Coonrod’s actions. On December 15, 2010, Mr. Coonrod settled the claim for $140,000, and some or all of this amount may have been paid by Mr. Coonrod’s employer and/or insurance carrier.
How To File A Claim Against Scott Coonrod (previously with FSC Securities Corporation, Morgan Stanley, and Morgan Stanley & Co. Incorporated) To Get Your Money Back
If you have questions about Scott Coonrod, FSC Securities Corporation, Morgan Stanley, Morgan Stanley & Co. Incorporated, 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.