Scott Olson: Innovation Partners Advisor Faces $500K REIT Complaint

Melbourne, Florida financial advisor Scott Olson (CRD# 711256) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered with Innovation Partners and IP Financial Advisory Services, respectively.

Mr. Olson’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2024, alleges that as a representative of Independent Financial Group, he recommended unsuitable investments in a non-traded REIT and other products. The pending complaint alleges damages of $500,000.

An earlier investor complaint, filed in 2004, alleged that as a representative of Mutual Service Corporation and Cambridge Investment Research, he made unsuitable investment recommendations beginning in 1996. The complaint reached a settlement of $75,000.

A third investor complaint, filed in 1999, alleged that as a representative of Securities Services Network, he made unauthorized changes in a variable annuity’s sub-accounts. The complaint reached a settlement of $4,661.80.

According to the Financial Industry Regulatory Authority, Scott Olson holds 43 years of securities industry experience. Based in Melbourne, Florida, he has been a broker and an investment advisor registered with Innovation Partners and IP Financial Advisory Services, respectively, since 2021. His registration history includes Independent Financial Group (Melbourne, Florida; 2017-2021), Financial West Group (Melbourne, Florida; 2014-2017), IFS Securities (Melbourne, Florida; 2013-2014), Merrimac Corporate Securities (Melbourne, Florida; 2010-2013), World Equity Group (Melbourne, Florida; 2007-2009), Mutual Service Corporation (Melbourne, Florida; 2001-2007), Eisner Securities (St. Louis, Missouri; 2001), SunAmerica Securities (2001), Cambridge Investment Research (Fairfield, Iowa; 2000-2001), Securities Service Network (Knoxville, Tennessee; 1994-1999), Mimlic Sales Corporation (St. Paul, Minnesota; 1991-1992), CRI Securities (St. Paul, Minnesota; 1988-1992), Consolidated Resources (1986-1988), and Equico Securities (1980-1986). His credentials include the passage of nine securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Registered Representative Examination, or Series 1; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Investment Company Products/Variable Contracts Representative Examination, or Series 6TO; the Direct Participation Programs Representative Examination, or Series 22TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Florida, Michigan, Minnesota, and New York. (Information current as of May 31, 2024.)

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