According to FINRA’s BrokerCheck, available to the public on FINRA’s website, SCOTT W TAUBMAN (SCOTT WILLARD TAUBMAN, SCOTT W. TAUBMAN, SCOTT TAUBMAN) is a broker/financial advisor who was previously registered with AMERIPRISE FINANCIAL SERVICES, LLC of Peoria, Arizona, from 03/03/2017 - 09/13/2022. The FINRA report, dated July 19, 2024, states that SCOTT W TAUBMAN was suspended for four months with a start date of 8/5/2024 and end date of 12/4/2024.
Without admitting or denying FINRA’s findings, SCOTT W TAUBMAN consented to the sanction and to the entry of findings that he allegedly borrowed $62,500 from two senior clients, without prior notice to or written approval from his member firm.
FINRA’s findings stated that the terms of the loans allegedly were not documented. The clients were not immediate family members or a financial institution. SCOTT W TAUBMAN’s firm learned of the loans and conducted an investigation during which Taubman confirmed that he had received in total, approximately $100,000 from the clients. According to the FINRA report, Taubman did not repay the loans.
FINRA states that when SCOTT W TAUBMAN filed a Chapter 7 bankruptcy petition, he disclosed the debt as a personal loan, and he obtained a discharge of his indebtedness. FINRA’s findings also stated that allegedly Taubman falsely attested in his annual compliance questionnaires that he was in compliance with his firm's policies and procedures.
According to BrokerCheck, SCOTT W TAUBMAN has been in the securities industry for 18 years and was listed with 4 firms. Taubman has 7 disclosures on his FINRA CRD report, including an “Employment Separation after Allegations,” dated 9/5/2022 from AMERIPRISE FINANCIAL SERVICES, LLC. Taubman was “permitted to resign,” following these allegations, “Violations of company policy associated with receiving a loan from a client and an undisclosed judgement.” Taubman denies the allegations.
If you have experienced investment losses due to your broker/financial advisor’s actions or recommendations, contact Soreide Law Group and speak with an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on a contingency fee basis.
Investors have reportedly disputed the sales practices of securities broker Christiana O. Webb (also known as Christina Webb) [CRD: 5116707, Atlanta, Georgia], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Webb worked for Morgan Stanley from June 1, 2009, to September 10, 2024, before registering with Truist Investment Services Inc. on November 14, […]
Investors apparently complained about securities broker Richard Francis Simonitis Jr. [CRD: 2263459, North Royalton, Ohio], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Richard Simonitis has been registered with LPL Financial LLC since February 26, 2007, as a broker and since February 27, 2007, as a financial advisor. See the following information to […]
Investors might have sustained losses due to securities broker Kevin Michael Ross [CRD: 2290136, Charlotte, North Carolina], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kevin Ross worked for Bridgeway Wealth Partners LLC from August 24, 2020, to December 31, 2023, and later for Cape Securities Inc. from December 7, 2023, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com