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Scott Norvell: FINRA Advises Sanction Against TR Financial Advisor
Omaha financial advisor Scott Norvell (CRD# 2196706) was recently the subject of an investigation that concluded with a recommendation of disciplinary action against him. Financial Industry Regulatory Authority records show that he is currently a broker with Brokers International Financial Services and an investment advisor with Brokers Financial, doing business as TR Financial.
Mr. Norvell’s BrokerCheck report describes the FINRA investigation into his conduct. The regulator disclosed in July 2023 that action should be brought against him in connection with allegations that he falsified customer signatures in account documents, caused his member firm’s books and records to be inaccurate, and “negligently misrepresented facts to customers about the death benefits of variable annuity exchanges.” No action has yet been taken.
As the firm’s website describes, Mr. Norvell is Managing Executive and Partner at TR Financial. “Scott assists his clients in creating a financial roadmap to help them navigate through the many phases of their lives to ultimately help them create financial confidence,” his profile states, quoting his belief that “every client has a different path to financial independence and communication and teamwork provides the greatest opportunity to achieve it.” The firm’s mission statement, as it explains, is “to help every client pursue their dreams by delivering a systematic wealth management process that provides risk management, comprehensive services, and disciplined investment results.”
According to the Financial Industry Regulatory Authority, Scott Norvell holds 31 years of securities industry experience. Based in Omaha, Nebraska, he has been a broker with Brokers International Financial Services and an investment advisor with Brokers Financial since March 2022, doing business as TR Financial. His registration history includes LPL Financial (Omaha, Nebraska; 2020-2022), Cetera Advisors (Omaha, Nebraska; 2006-2020), Royal Alliance Associates (Columbus, Nebraska; 2001-2006), Vestax Securities Corporation (Hudson, Ohio; 1998-2001), Royal Alliance Associates (Jersey City, New Jersey; 1995-1998(, and Linsco/Private Ledger Corporation (Fort Mill, South Carolina; 1992-1995). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, Arkansas, Colorado, Iowa, Nebraska, New Mexico, and Texas. (Information current as of August 5, 2023.)
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