Scott Hechler Involved In SW Financial Investor Dispute Over Excessive Trading

One or more investors possibly experienced losses because of securities broker Scott Jason Hechler [CRD: 5277526, Garden City, New York], based on public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Hechler has worked for Spartan Capital Securities LLC since May 15, 2023. Previously, he worked at SW Financial from December 10, 2019 to May 11, 2023, and at Worden Capital Management LLC from November 4, 2016, to December 17, 2019—both firms were later expelled by FINRA. Read on to discover more about Hechler’s disclosures and the disputes involving his former clients.

SW Financial Investor Accused Hechler Of Unsuitable Trading

Evidently, an SW Financial client filed FINRA Arbitration No. 22-02586 about Scott Hechler. The client alleged unauthorized trading, excessive trading, negligence, excessive commissions, and unsuitable trading. Because of this, the client allegedly sustained damages connected to over-the-counter equities and stocks. Therefore, on March 29, 2024, SW Financial settled this matter by paying the client $140,000.00 in damages.

Worden Capital Management LLC Investor Accused Scott Hechler Of Churning

Also, a Worden Capital Management LLC client filed FINRA Arbitration No. 22-00347 about Scott Hechler. Mainly, the client alleged that Hechler engaged in unauthorized trading. The claim also alleged churning, negligence, unsuitable trading, breach of contract, and excessive commissions linked to stocks and over-the-counter equities. As a result, on December 27, 2023, Worden Capital Management LLC settled this matter by paying the client $3,500.00 in damages.

Hechler Disclosed Misrepresentation Allegations By Legend Securities Inc. Client

Specifically, a client of Legend Securities Inc. disputed Scott Hechler’s sales practices by filing FINRA Arbitration No. 15-00272. Allegedly, Hechler made misrepresentations and engaged in churning, resulting in damages linked to over-the-counter equities and stocks. Therefore, Legend Securities Inc. agreed to settle the matter on July 5, 2016, by compensating the client in the amount of $24,999.00.

Have You Made Investments Through Securities Broker Scott Hechler?

Do you have concerns or questions regarding investments you made with Scott Hechler? You should reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for clients throughout the United States. The firm also works on a contingency fee basis and advances all costs. Hechler and brokerage firms Hechler worked for deny all allegations of sales practice violations.