Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Scott Reed: Complaints Against Philadelphia Financial Advisor

Settled and pending investor complaints against Philadelphia, Pennsylvania broker Scott Reed (CRD#: 2213108) allege conduct including suitability violations, fraud, inadequate due diligence, misrepresentations, breach of fiduciary duty, and more. Reed is a representative of FS Investment Solutions, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2018 complaint alleges that Scott Reed failed to conduct adequate due diligence, failed to fully disclose risks, and recommended unsuitable alternative investments. The complaint alleges damages of $268,000.

A pending 2018 complaint alleges that Scott Reed sold unsuitable investments in BRS Labs and “continuously misrepresented” the investments’ value. The complaint alleges damages of $367,000.

A pending 2018 complaint alleges that he sold unsuitable investments and made false statements. The complaint alleges damages of $1,219,034.

A 2018 complaint alleged that he recommended unsuitable alternative investments, failed to conduct due diligence, and misrepresented and omitted material facts. The complaint reached a settlement in 2019 of $395,000.

A 2017 complaint alleged that he sold unsuitable investments in BRS and Digonex. The complaint reached a settlement of $70,000.

A 2017 complaint alleged that he made unsuitable recommendations of BRS stock. The complaint reached a settlement of $50,000.

A 2017 complaint alleged that he committed securities fraud, recommended unsuitable investments, acted negligently, breached contract, breached his fiduciary duty, and violated FINRA rules and Texas securities law. The complaint reached a settlement of $400,000.

Scott Reed has been registered as a broker with FS Investment Solutions in Philadelphia, Pennsylvania since 2016. His employment history includes David A. Noyes & Company in Indianapolis, Indiana. He currently holds two state licenses and has passed four securities industry qualification examinations.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • SEC Complaint Against AGM Advisor Vincent Camarda: Par Funding

    A complaint filed this month by the Securities and Exchange Commission alleges that A.G. Morgan Financial Advisors representative Vincent Camarda...

    Read More
  • Francis Velten: Churning Allegations Against New Port Richey Advisor

    A pending FINRA enforcement action against former Ameriprise financial advisor Francis Velten (CRD# 2291911) alleges he failed to respond to...

    Read More
  • Massapequa Advisor James McArthur Named in SEC Complaint: Par Funding

    The Securities and Exchange Commission has brought a complaint against Massapequa Financial Advisor James McArthur (CRD# 2797856). According to Financial...

    Read More
  • Matt Gates: $500K Complaint Against Fired Joseph Gunnar Advisor

    New York City financial advisor Matt Gates (CRD# 4727945) has received investor complaints alleging his recommendations resulted in six-figure damages....

    Read More
  • Previous
  • Next