Scott Morrison: $3mm Complaint Against BRAVE Advisor

Providence, Rhode Island financial advisor Scott Morrison (CRD# 1878820) allegedly embezzled funds and charged unauthorized fees, according to a recent investor complaint. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Stillpoint Capital broker is currently registered as an investment advisor with BRAVE Family Advisors.

Mr. Morrison’s BrokerCheck report discloses one investor complaint. Filed in January 2025, it alleges that as a representative of BRAVE Family Advisors, he misused the power of attorney to sell and manage client assets, embezzled and misused client assets, charged unauthorized fees, breached contract, and acted negligently. The pending complaint alleges damages of $3 million. In a statement included with the disclosure, Mr. Morrison wrote that he denied the allegations.

BRAVE Family Advisors’ website includes a profile of Mr. Morrison that describes his background as the firm’s President and Chief Investment Officer. “Scott’s career in finance began in the equity research department of Goldman Sachs, followed by roles in equity research and portfolio management at Tiverton Trading, Morgan Stanley, Donaldson, Lufkin & Jenrette, and Credit Suisse-First Boston,” it explains. “In 2003, Scott launched a global macro hedge fund, which he successfully managed for 12 years.”

According to the Financial Industry Regulatory Authority and Securities and Exchange Commission, Scott Morrison holds 19 years of securities industry experience. Based in Providence, Rhode Island, he has been registered as an investment advisor with BRAVE Family Advisors since 2016. His past registrations include Stillpoint Capital, Credit Suisse First Boston, Donaldson Lufkin & Jenrette Securities, Morgan Stanley, and Goldman Sachs.  His credentials include the passage of six securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Limited Representative-Private Securities Offerings, or Series 82; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Rhode Island. (Information current as of May 4, 2025.)

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