Advisor Alert: Our Attorneys Are Investigating Scott Vincent Kaup For Investment Fraud
Did You Lose Money Because of Scott Kaup?
Filed: November 6, 2023
Scott Kaup currently has been the subject of five (5) 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 Scott Vincent Kaup.
Who Is Scott Vincent Kaup of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC?
- Advisor Name: Scott Vincent Kaup
- Aliases: Scott Kaup
- CRD: 1002907
- Location: Stuart, Nebraska
- Current Employer: Cetera Advisor Networks LLC and Cetera Investment Advisers LLC
- Previous Firms: Summit Financial Group Inc. and Summit Brokerage Services, Inc.
- Number of Known Customer Complaints: 5
- Can Scott Kaup Be Sued: Yes, in Private Arbitration
- Can Scott Kaup’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $2,600,000
- Highest Settlement: $998,000
If you have suffered investment losses by Scott Kaup, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Scott Kaup For Broker Misconduct
As of this publication date, Scott Kaup has been the subject of 5 customer disputes. Let’s review them below.
In January 2021, a FINRA arbitration was filed against or in reference to Scott Kaup by multiple customers of VSR Financial Services, Inc. alleging that Mr. Kaup recommended unsuitable investments. On February 11, 2022, Mr. Kaup settled the claim for $325,000, and some or all of this amount may have been paid by Mr. Kaup’s employer and/or insurance carrier.
In November 2020, a FINRA arbitration was filed against or in reference to Scott Kaup by multiple customers of VSR Financial Services, Inc. alleging that Mr. Kaup recommended unsuitable investments. Per the customers, they lost over $665,000 because of Mr. Kaup’s actions. On August 26, 2021, Mr. Kaup settled the claim for $95,000, and some or all of this amount may have been paid by Mr. Kaup’s employer and/or insurance carrier.
In February 2019, a FINRA arbitration was filed against or in reference to Scott Kaup by a customer of VSR Financial Services, Inc. alleging unsuitable investment recommendations, material misrepresentations and omissions, and supervisory due diligence failures. Per the customer, he/she lost over $450,000 because of Mr. Kaup’s actions. On August 12, 2019, Mr. Kaup settled the claim for $42,500, and some or all of this amount may have been paid by Mr. Kaup’s employer and/or insurance carrier.
In July 2018, a FINRA arbitration was filed against or in reference to Scott Kaup by a customer of VSR Financial Services, Inc. alleging unsuitable investment recommendations, material misrepresentations and omissions, and supervisory due diligence failures. Per the customer, he/she lost over $2,600,000 because of Mr. Kaup’s actions. On June 27, 2019, Mr. Kaup settled the claim for $998,000, and some or all of this amount may have been paid by Mr. Kaup’s employer and/or insurance carrier.
In April 2016, a FINRA arbitration was filed against or in reference to Scott Kaup by a customer of VSR Financial Services, Inc. alleging unsuitable recommendations, violation of common law fraud, breach of fiduciary duty, and negligence. On November 17, 2017, Mr. Kaup settled the claim for $173,000, and some or all of this amount may have been paid by Mr. Kaup’s employer and/or insurance carrier.
How To File A Claim Against Scott Kaup of Cetera Advisor Networks LLC and Cetera Investment Advisers LLC (previously with Summit Financial Group Inc. and Summit Brokerage Services, Inc.) To Get Your Money Back.
If you have questions about Scott Kaup, Cetera Advisor Networks LLC, Cetera Investment Advisers LLC, Summit Financial Group Inc., Summit Brokerage Services, 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.