Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on January 3, 2017 indicate that Florida-based Spire Securities broker/adviser Scott Aabel has been sanctioned by FINRA in connection to allegations of misconduct. Fitapelli Kurta is interested speaking to from investors who have complaints regarding Mr. Aabel (CRD# 1493667).
Scott Aabel has spent 25 years in the securities industry and has been registered with Spire Securities in Nokomis, Florida since December 2016. Previous registrations include Investors Capital in Nokomis, Florida (2016); Sagepoint Financial in Nokomis, Florida (2013-2016); Prime Capital Services in Nokomis, Florida (1991-2013); and Lutheran Brotherhood Securities in Minneapolis, Minnesota (1991). He is a registered broker and investment adviser with two US states and territories: the District of Columbia and Florida.
According to his BrokerCheck report, Scott Aabel has received three customer complaints and two regulatory sanctions.
In September 2016 FINRA sanctioned Scott Aabel following allegations he “failed to timely amend his Form U4 to reflect reportable events.” According to FINRA, “while associated with a member firm, Aabel entered into separate arrangements pursuant to which he settled the amounts due and owed on credit cards by entering into compromises with the credit card companies. Aabel did not disclose the compromises with the credit card companies to the firm, and he also did not update his Form U4 to reflect the compromises.” He was issued a 30-day suspension and a fine of $5,000.
In 2013 the Florida Office of Financial Regulation sanctioned Scott Aabel following allegations he violated FINRA rules Florida laws. He was issued a fine of $70,000 and ordered to pay $100,000 in restitution.
In 2012 the Internal Revenue Service filed a tax lien totaling $203,045.95 against Scott Aabel. The lien remains outstanding.
In 2005 a customer alleged Scott Aabel, while employed at Prime Capital Services, recommended an unsuitable investment in an unregistered security. The complaint settled in 2006 for more than $117,000.
In 2004 a customer alleged Scott Aabel, while employed at Prime Capital Services, recommended unsuitable and unregistered products. The complaint settled in 2006 for $130,000.
If you have complaints regarding Scott Aabel, call firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recover your losses. All cases are taken on a contingency basis: we only get paid if and when you collect money. The law sets a limited window to file complaints, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.