Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 22, 2016 indicate that Arizona-based Oppenheimer & Company broker/adviser Scott Turcott has received customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Turcott (CRD# 3123428).
Scott Turcott has spent 17 years in the securities industry and has been registered with Oppenheimer & Company in Scottsdale, Arizona since April 2016. Previous registrations include Merrill Lynch in Scottsdale, Arizona and Wells Fargo Advisors in Scottsdale, Arizona. He is a registered broker and investment adviser with 45 US states and territories.
According to his BrokerCheck report, Scott Turcott has received two customer complaints and one denied customer complaint.
In March 2016, a customer alleged Scott Turcott, while employed at Merrill Lynch, made unsuitable investment recommendations. The complaint settled in May 2016 for $23,398.
In March 2016, a customer alleged Scott Turcott, while employed at Merrill Lynch, made unsuitable investment recommendations. The customer sought unspecified damages in the complaint, which was denied.
In 2013, a customer alleged Scott Turcott, while employed at Merrill Lynch, made unsuitable investment recommendations, executed excessive trades, and misrepresented and omitted material facts. The complaint settled in 2014 for $30,000.
Federal securities law prohibits brokers like Scott Turcott from making untrue or false statements that can mislead their clients, an act referred to as “misrepresentation.” Nor may they omit material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have complaints regarding Scott Turcott, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.