Advisor Alert: Our Attorneys Are Investigating Scott Arthur Kemps For Investment Fraud
Did You Lose Money Because of Scott Kemps?
Filed: March 4, 2024
Scott Kemps has been the subject of 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 Scott Arthur Kemps.
Who Is Scott Arthur Kemps?
- Advisor Name: Scott Arthur Kemps
- Aliases: Scott Kemps
- CRD: 1849069
- Location: Melbourne, Florida
- Current Employer: Currently Not Registered
- Previous Firms: Great Point Capital LLC, Meyers Associates, L.P., and International Assets Advisory, LLC
- Number of Known Customer Complaints: 8
- Number of Known Regulatory Events: 1
- Can Scott Kemps Be Sued: Yes, in Private Arbitration
- Can Scott Kemps’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $600,000
- Highest Settlement: $450,000
If you have suffered investment losses by Scott Kemps, 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 Kemps For Broker Misconduct
As of this publication date, Scott Kemps has been the subject of 8 customer disputes and 1 regulatory event. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to Scott Kemps by a customer of Great Point Capital LLC alleging unsuitable, speculative, and illiquid. Per the customer, he/she lost over $400,000 because of Mr. Kemps’s actions. On September 14, 2023, Mr. Kemps settled the claim for $450,000, and some or all of this amount may have been paid by Mr. Kemps’s employer and/or insurance carrier.
In December 2021, a FINRA arbitration was filed against or in reference to Scott Kemps by a customer of Great Point Capital LLC alleging omissions and misrepresentations for the investment in an early stage cancer drug private offering. Per the customer, he/she lost over $136,250 because of Mr. Kemps’s actions. On February 3, 2023, Mr. Kemps settled the claim for $18,500, and some or all of this amount may have been paid by Mr. Kemps’s employer and/or insurance carrier.
In October 2021, a FINRA arbitration was filed against or in reference to Scott Kemps by a customer of Great Point Capital LLC alleging unsuitable investment recommendations. Per the customer, he/she lost over $100,000 because of Mr. Kemps’s actions. On April 14, 2022, Mr. Kemps settled the claim for $206,300, and some or all of this amount may have been paid by Mr. Kemps’s employer and/or insurance carrier.
In May 2021, a complaint was filed against or in reference to Scott Kemps by a customer of Great Point Capital LLC alleging that Mr. Kemp misrepresented the potential upside of the purchase of the stock Oncolix and continued optimism of the stock’s potential performance, and therefore causing the customer to purchase more of the stock, holding the security for too long and lost money. Per the customer, he/she lost over $136,250 because of Mr. Kemps’s actions.
In March 2021, a FINRA arbitration was filed against or in reference to Scott Kemps by a customer of Great Point Capital LLC alleging lack of due diligence, negligence, breach of fiduciary duty, lack of suitability, statutory fraud, and breach of contract re: sale of GPB Funds. Per the customer, he/she lost over $600,000 because of Mr. Kemps’s actions. On August 9, 2022, Mr. Kemps settled the claim for $400,000, and some or all of this amount may have been paid by Mr. Kemps’s employer and/or insurance carrier.
In February 2021, a FINRA arbitration was filed against or in reference to Scott Kemps by a customer of Great Point Capital LLC alleging that three DPP investments recommended to her between 2015 and 2020 were unsuitable. Per the customer, she lost over $300,000 because of Mr. Kemps’s actions. On September 12, 2022, Mr. Kemps settled the claim for $110,000, and some or all of this amount may have been paid by Mr. Kemps’s employer and/or insurance carrier.
In October 2014, Florida Office of Financial Regulation initiated a regulatory action against or in reference to Scott Kemps for conducting investment advisory business from offices within this state without the benefit of lawful registration.
In June 2013, a complaint was filed against or in reference to Scott Kemps by a customer of Empire Financial Group alleging unsuitable investments. Per the customer, he/she lost over $5,000 because of Mr. Kemps’s actions.
In February 1999, a complaint was filed against or in reference to Scott Kemps by a customer of Securities Service Network, Inc. alleging unsuitability. Per the customer, he/she lost over $300,000 because of Mr. Kemps’s actions. On June 10, 1999, Mr. Kemps settled the claim for $200,000, and some or all of this amount may have been paid by Mr. Kemps’s employer and/or insurance carrier.
How To File A Claim Against Scott Kemps (previously with Great Point Capital LLC, Meyers Associates, L.P., and International Assets Advisory, LLC) To Get Your Money Back
If you have questions about Scott Kemps, Great Point Capital LLC, Meyers Associates, L.P., International Assets Advisory, LLC, 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.