Investors File Disputes About Scott Aabel

Soreide Law Group is investigating possible investor claims against securities broker Scott Erik Aabel AKA Scott Eric Aabel [CRD#: 1493667, Osprey, Florida]. Specifically, FINRA BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Spire Securities. SagePoint Financial, and Investors Capital. Evidently, one or more clients allege sales practice violations in these disputes, including unsuitable recommendations. Here is a brief summary of the disclosures about Aabel. However, please note that the securities broker denies the allegations.

Spire Securities Client Accuses Scott Aabel Of Unsuitable Recommendations

Evidently, on June 21, 2022, a Spire Securities client filed FINRA Arbitration #: 22-01340 about Scott Aabel. Specifically, the client alleged unsuitable recommendations relating to purchases or sales of GWG L-Bonds. Therefore, the client requested $500,000 in compensation from Spire Securities or Aabel. Evidently, this arbitration is pending a resolution.

Investors Capital, Spire Securities, And Sagepoint Financial Client Accuses Aabel Of Unsuitable Advice

Notably, on June 22, 2021, an Investors Capital, Spire Securities, and SagePoint Financial client filed FINRA Arbitration #: 21-01585 about Scott Aabel. Specifically, the client alleged unsuitable advice. Because of this, the client allegedly sustained damages relating to purchases or sales of alternative investments. Therefore, the client requested $300,000 in compensation from those firms or Aabel. Evidently, this arbitration is pending a resolution.

Scott Aabel Allegedly Makes Unsuitable Recommendations To Prime Capital Services Client

Moreover, a client of Prime Capital Services contested Scott Aabel's sales practices by filing FINRA Arbitration #: 05-00653 on February 14, 2005. Notably, accusations against the securities broker include unsuitable recommendations. Allegedly, the unregistered securities that Aabel sold or recommended resulted in damages. Therefore, Prime Capital Services opted to settle the matter on April 3, 2006, by compensating the client in the amount of $117,000. Still, the broker denies the allegations against him.

Prime Capital Services Client Accuses Aabel Of Unsuitable Transactions

Evidently, on September 27, 2004, a Prime Capital Services client filed FINRA Arbitration #: 04-06612 about Scott Aabel. Specifically, the client alleged unsuitable transactions resulting in damages. Therefore, on October 6, 2006, Prime Capital Services settled this matter by paying the client $130,000.

Scott Aabel Allegedly Makes Misrepresentations To Prime Capital Services Client

Also, a client of Prime Capital Services contested Scott Aabel's sales practices, according to a complaint dated September 11, 2007. Notably, accusations against the securities broker include misrepresentations. Allegedly, the variable annuities that Aabel sold or recommended resulted in damages. Therefore, the client requested compensatory relief from Prime Capital Services or Aabel in the amount of $13,595.29. However, the firm denied this dispute.

Damages Resulting From Spire Securities Broker Aabel?

Have you experienced damages by investing with Scott Aabel? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Aabel and the brokerage firms Aabel has associated with deny any and all allegations of sales practice violations.