According to records provided by the Financial Industry Regulatory Authority (FINRA) on February 16, 2016, former Florida-based Moors & Cabot broker Scott Eisler has been barred from acting as a broker or investment adviser. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Eisler (CRD# 1664660).
Scott Eisler has spent 23 years in the securities industry and was most recently registered with Moors & Cabot in Boca Raton, Florida (2012-2015). Previous registrations include Oppenheimer & Company in Boca Raton, Florida; Janney Montgomery Scott in Boca Raton, Florida; Wachovia Securities in St. Louis, Missouri; First Union Capital Markets in Charlotte, North Carolina; Prudential Securities in New York, New York; Nations Securities; and Dean Witter Reynolds in Purchase, New York. He is currently not registered with any state or firm.
According to his BrokerCheck report, Scott Eisler is the subject of one regulatory sanction, one customer complaint, and two pending customer complaints.
In January 2016 a customer alleged Scott Eisler, while employed at Oppenheimer & Company, misrepresented material facts and recommended unsuitable investments. The customer is seeking $184,178 in damages in the pending complaint.
In November 2015 a customer alleged Scott Eisler, while employed at Moors & Cabot, recommended and purchased unsuitable securities, and over-concentrated securities in her account. The customer is seeking $200,000 in damages in the pending complaint.
In July 2015 the Securities and Exchange Commission sanctioned Scott Eisler following allegations he sold more than 2.5 billion shares of newly-issued penny stocks for a customer despite his awareness of “red flags indicative of illegal unregistered distributions,” and “failed to make the reasonable inquiry necessary to ensure that the proposed resales of the customer’s securities were exempt from the registration requirement.” Mr. Eisler was issued a $50,000 fine and a one-year suspension from acting as a registered representative.
In 2012 a customer alleged Scott Eisler, while employed at Oppenheimer & Company, concentrated securities in her account. The complaint settled in 2013 for $60,000.
If you have lost money investing with Scott Eisler, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.