Scott Offerman: Ex-TCFG Advisor Faces 7-Figure Complaint

New York City financial advisor Scott Offerman (CRD# 4619093) allegedly recommended unsuitable Delaware Statutory Trust (DST) investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with 1031 Securities, doing business as 1031 Financial.

Mr. Offerman’s BrokerCheck report discloses one investor complaint. Filed in March 2026, it alleges that as a representative of TCFG Wealth, he breached his fiduciary duty, committed fraud, breached contract, violated state and federal securities law, and recommended over-concentrated positions in unsuitable Delaware Statutory Trusts. The pending complaint alleges damages between $1 million and $5 million.

A second disclosure on his BrokerCheck report concerns his resignation from Concorde Investment Services. Filed in 2017, the disclosure states that he was “permitted to resign” in connection with allegations that he failed to disclose “reportable liens in a timely manner.”

Over-concentration, also known as failure to diversify, is compared in FINRA’s investor resources to placing too many eggs in one basket. FINRA advises investors to avoid the risks of over-concentration by diversifying their portfolios within and across major asset classes. It also recommends the regular rebalancing of portfolios, and the inspection of underlying investments in mutual funds or exchange-traded funds contained in the portfolio. Finally, FINRA cautions that investors should closely monitor their investments’ liquidity. Brokers who fail to properly diversify an investor’s account may be held liable in the event of losses.

According to the Financial Industry Regulatory Authority, Scott Offerman holds 20 years of securities industry experience. Based in New York City, he has been registered as a broker with 1031 Securities since 2024, doing business as 1031 Financial. His past registrations include Great Point Capital, TCFG Wealth Management, Nextrend Securities, Sandlapper Securities, Concorde Investment Services, Park Avenue Securities, and MML Investors Services. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the Direct Participation Programs Representative Examination, or Series 22; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in Arizona, California, Connecticut, Delaware, Florida, Georgia, Illinois, Kansas, Maine, New Jersey, New York, Pennsylvania, South Carolina, Tennessee, and Texas. (Information current as of June 20, 2026.)

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