Investors potentially experienced sales practice violations because of securities broker Scott Erik Aabel (also known as Scott Eric Aabel) [CRD: 1493667, Osprey, Florida], based on disclosures on FINRA BrokerCheck. Evidently, Aabel worked for Spire Securities LLC from December 6, 2016, to April 14, 2025, and for Investors Capital Corp. from January 7, 2016, to August 10, 2016. Read below to learn more about the disclosures involving Aabel.
Particularly, a Spire Securities LLC client filed FINRA Arbitration No. 22-01340 about Scott Aabel. Mainly, the client alleged that Aabel made unsuitable recommendations. For this reason, the client allegedly incurred damages associated with GWG L-Bonds. Consequently, on March 30, 2023, Spire Securities LLC settled this matter by paying the client $143,000 in damages.
Specifically, a client of Spire Securities LLC contested Scott Aabel’s sales practices by filing FINRA Arbitration No. 24-01389. Allegedly, Aabel made unsuitable recommendations. It appears that Aabel caused the client to sustain damages connected to GWG corporate bonds. Therefore, Spire Securities LLC opted to settle the matter on February 4, 2025, by compensating the client in the amount of $20,000.
Notably, a Spire Securities LLC client filed FINRA Arbitration No. 21-01585 about Scott Aabel. Primarily, the client alleged that Aabel made unsuitable recommendations and provided unsuitable advice regarding withdrawals from an annuity, and that he recommended alternative investments that conflicted with the client’s needs and objectives. Because of this, the investor allegedly sustained damages linked to variable annuities and direct investments. As a result, on July 16, 2024, Spire Securities LLC settled this matter by paying the client $75,000 in damages.
Did you experience losses because of Scott Aabel? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a potential recovery of your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee arrangement and advances all costs. Aabel and brokerage firms Aabel worked for deny accusations of sales practice violations.
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