Broker Barred by FINRA Regarding Private Securities Transaction Investigation

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, July, 2013.”

Scott Fitzgerald Wright (CRD #2087728, Registered Representative, San Clemente, California)

was barred from association with any FINRA member in any capacity. The sanction was based on findings that Wright failed to appear and testify at FINRA on-the¬record interviews. The findings stated that FINRA began an investigation that led to the filing of a complaint as a result of an NASD Rule 3070 filing concerning a private securities transaction by a registered representative at a different firm. The Rule 3070 filing related to an offering. During the examination that resulted from the Rule 3070 filing, FINRA learned that Wright was also involved in the offering, and may have acted as a principal in the offering. FINRA sought information and documents from Wright concerning the offering, and he complied with the first request for documents and information. FINRA then requested that Wright appear and testify at on-the-record interviews concerning the FINRA examination relating to the offering and matters involved in the investigation.
(FINRA Case #2010024315802)

Scott Wright, according to FINRA's BrokerCheck, was previously registered with FINRA at the following brokerage firms:

ICON SECURITIES CORP.
CRD# 15487
NEW YORK, NY
11/2010 - 04/2011

COLE CAPITAL CORPORATION
CRD# 31147
PHOENIX, AZ
05/2008 - 07/2010

DIRECT CAPITAL SECURITIES, INC.
CRD# 29639
AUSTIN, TX
08/2007 - 01/2008

This ends the information obtained on FINRA’s website.

If you’ve experienced investment losses due to your stock broker/financial advisor’s recommendations, call Soreide Law Group for a free consultation with an attorney on how to potentially recover your losses: 888-760-6552.