Advisor Alert: Our Attorneys Are Investigating Scott Jason Lee For Investment Fraud
Did You Lose Money Because of Scott Lee?
Filed: March 4, 2024
Scott Lee currently has three (3) pending customer complaints. Overall, he has been the subject of eight (8) customer complaints and one (1) financial event. 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 Jason Lee.
Who Is Scott Jason Lee?
- Advisor Name: Scott Jason Lee
- Aliases: Scott Lee
- CRD: 4409541
- Location: Cold Spring, Minnesota
- Current Employer: Currently Not Registered
- Previous Firms: Ausdal Financial Partners, Inc., Moloney Securities Co., Inc., and Cambridge Investment Research, Inc.
- Number of Known Customer Complaints: 8
- Number of Known Financial Events: 1
- Can Scott Lee Be Sued: Yes, in Private Arbitration
- Can Scott Lee’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $250,000
If you have suffered investment losses by Scott Lee, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise 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 Lee For Broker Misconduct
As of this publication date, Scott Lee has been the subject of 8 customer disputes and 1 financial event. Let’s review them below.
In June 2023, a FINRA arbitration was filed against or in reference to Scott Lee by a customer of Moloney Securities Co., Inc. alleging suitability/negligence. Per the customer, he/she lost over $500,000 because of Mr. Lee’s actions. As of this publication date, this claim remains pending.
In April 2023, a FINRA arbitration was filed against or in reference to Scott Lee by a customer of Moloney Securities Co., Inc. alleging suitability/negligence. Per the customer, he/she lost over $150,000 because of Mr. Lee’s actions. As of this publication date, this claim remains pending.
In April 2023, a FINRA arbitration was filed against or in reference to Scott Lee by a customer of Moloney Securities Co., Inc. alleging suitability/negligence. Per the customer, he/she lost over $103,000 because of Mr. Lee’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 Lee by a customer of Ausdal Financial Partners, Inc. alleging unsuitable investments, breach of fiduciary duty, and failure to supervise. Per the customer, he/she lost over $350,000 because of Mr. Lee’s actions. On August 24, 2023, Mr. Lee settled the claim for $250,000, and some or all of this amount may have been paid by Mr. Lee’s employer and/or insurance carrier.
In September 2022, a FINRA arbitration was filed against or in reference to Scott Lee by a customer of Moloney Securities Co., Inc. / Ausdal Financial Partners, Inc. alleging suitability, breach of duty, and due diligence. Per the customer, he/she lost over $170,000 because of Mr. Lee’s actions. On January 12, 2024, Mr. Lee settled the claim for $7,500, and some or all of this amount may have been paid by Mr. Lee’s employer and/or insurance carrier.
In September 2022, a FINRA arbitration was filed against or in reference to Scott Lee by a customer of Moloney Securities Co., Inc. alleging suitability/negligence. Per the customer, he/she lost over $500,000 because of Mr. Lee’s actions. On January 22, 2024, Mr. Lee settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Lee’s employer and/or insurance carrier.
In August 2022, a FINRA arbitration was filed against or in reference to Scott Lee by a customer of Moloney Securities Co., Inc. alleging that Mr. Lee made unsuitable recommendation(s). Per the customer, he/she lost over $260,000 because of Mr. Lee’s actions. On December 27, 2023, Mr. Lee settled the claim for $60,250, and some or all of this amount may have been paid by Mr. Lee’s employer and/or insurance carrier.
In April 2021, a complaint was filed against or in reference to Scott Lee by a customer of Moloney Securities Co., Inc. alleging unsuitable investment. Per the customer, he/she lost over $82,000 because of Mr. Lee’s actions. On April 8, 2021, Mr. Lee settled the claim for $32,800, and some or all of this amount may have been paid by Mr. Lee’s employer and/or insurance carrier.
In March 2014, Scott Lee filed for bankruptcy in the US Bankruptcy Court Minneapolis.
How To File A Claim Against Scott Lee (previously with Ausdal Financial Partners, Inc., Moloney Securities Co., Inc., and Cambridge Investment Research, Inc.) To Get Your Money Back
If you have questions about Scott Lee, Ausdal Financial Partners, Inc., Moloney Securities Co., Inc., Cambridge Investment Research, 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.