Scott Coonrod Involved In FSC Investor’s Complaint About Discretionary Trading

Investors have reportedly disputed the sales practices of securities broker Scott David Coonrod [CRD: 4311374, Bend, Oregon], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Scott Coonrod worked for FSC Securities Corporation from October 6, 2017, to December 31, 2022. Keep reading to discover more about disclosures involving this securities broker.

FSC Securities Corporation Investor Accused Coonrod Of Discretionary Trading

Evidently, on April 21, 2023, an FSC Securities Corporation client filed FINRA Arbitration No. 23-01019 about Scott Coonrod. Mainly, the client alleged that Coonrod engaged in discretionary trading. For this reason, the client allegedly incurred damages in stocks. Therefore, the client requested $1,228,822 in compensation from FSC Securities Corporation or Coonrod. It appears that this arbitration is pending a resolution.

Morgan Stanley Co. Investor Accused Scott Coonrod Of Overconcentration And Unsuitable Recommendations

Specifically, a Morgan Stanley Co. client filed FINRA Arbitration No. 10-04710 about Scott Coonrod. Primarily, the client alleged that Coonrod overconcentrated accounts and made unsuitable recommendations. Because of this, the client allegedly sustained damages linked to stocks. As a result, on February 24, 2011, Morgan Stanley Co. settled this matter by paying the client $50,000 in damages.

Coonrod Disclosed Unsuitable Recommendations And Failure To Follow Instructions Allegations By Morgan Stanley Co. Inc. Client

Notably, a client of Morgan Stanley Co. Inc. disputed Coonrod’s sales practices by filing FINRA Arbitration No. 09-06743. Allegedly, Coonrod made unsuitable recommendations and failed to follow instructions. It appears that Coonrod allegedly caused the client to incur damages connected to stocks and variable annuities. Consequently, Morgan Stanley Co. Inc. opted to settle the matter on December 15, 2010, by paying the client $140,000.

Were You Impacted By Financial Advisor / Securities Broker Scott Coonrod?

Did you suffer any investment-related losses because of Scott Coonrod? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Coonrod and brokerage firms Coonrod worked for deny accusations of sales practice violations.