Advisor Alert: Our Attorneys Are Investigating Scott Patrick Trease For Investment Fraud
Did You Lose Money Because of Scott Trease?
Filed: March 11, 2024
Scott Trease has been the subject of one (1) civil event, one (1) investigation, and one (1) customer complaint. 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 Patrick Trease.
Who Is Scott Patrick Trease of Sapere Wealth Management, LLC?
- Advisor Name: Scott Patrick Trease
- Aliases: Scott Trease
- CRD: 1298222
- Location: Matthews, North Carolina
- Current Employer: Sapere Wealth Management, LLC
- Previous Firms: Sapere Wealth Creation, LLC, Joseph Carl Securities, Inc., and Northwestern Mutual Investment Services, LLC
- Number of Known Customer Complaints: 1
- Number of Known Civil Events: 1
- Number of Known Investigations: 1
- Can Scott Trease Be Sued: Yes, in Private Arbitration
- Can Scott Trease’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: $100,000
If you have suffered investment losses by Scott Trease, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Trease For Broker Misconduct
As of this publication date, Scott Trease has been the subject of 1 civil event, 1 investigation, and 1 customer dispute. Let’s review them below.
In March 2023, United States Securities And Exchange Commission initiated a civil action against or in reference to Scott Trease for allegedly recommending that three of their advisory clients invest a total of $7.3 million in two risky, alternative-investment deals that Defendants incorrectly believed were collateralized by a gold safekeeping receipt (SKR).
In March 2023, a complaint was filed against or in reference to Scott Trease by a customer of Sapere Wealth Management, LLC alleging breach of fiduciary duty in violation of Section 206(2) of the Advisers Act. Per the customer, he/she lost over $100,000 because of Mr. Trease’s actions. An arbitration panel found that Scott Trease was negligent and awarded $100,000 in favor of the customers.
In April 2022, United States Securities And Exchange Commission initiated an investigation against or in reference to Scott Trease for Alleged violations of: Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, Section 17(a) of the Securities Act of 1933; and Section 206(1), (2), and (4) of the IAA of 1940 and Rules 206(4)-7 and 206(4)-8.
How To File A Claim Against Scott Trease of Sapere Wealth Management, LLC (previously with Sapere Wealth Creation, LLC, Joseph Carl Securities, Inc., and Northwestern Mutual Investment Services, LLC) To Get Your Money Back
If you have questions about Scott Trease, Sapere Wealth Management, LLC, Sapere Wealth Creation, LLC, Joseph Carl Securities, Inc., Northwestern Mutual Investment Services, 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.