Scott Jason Wallach - Scott Wallach, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Goodman & Nekvasil P.A., May Recover Investor Losses | Scott Jason Wallach - Scott Wallach, Financial Advisor Suspended from Securities Industry

Scott Wallach is a financial advisor who has been licensed with APW Capital, Inc. since 2017. Scott Wallach was previously licensed with Wells Fargo Clearing Services, LLC. FINRA reports that Scott Wallach was suspended from the securities and investment banking industry for 1 month in October 2017.

ACCORDING TO FINRA: Scott Wallach consented to the sanctions and to the entry of findings that Scott Wallach effected five unauthorized trades in a customer's account while the customer was on vacation. The findings stated that Scott Wallach sold shares of two securities owned by the customer and used the proceeds from those sales to purchase a preferred bond in the customer's account. In addition, Scott Wallach sold shares in one security owned by the customer and used the proceeds to purchase shares in another security. Scott Wallach earned $873.59 in commissions for the five trades and the customer's account profited from the transactions at issue.

FINRA also reports that a customer dispute involving Scott Wallach’s conduct was settled for $24,000. FINRA reports that the client alleged unauthorized trading, misrepresentation of commissions, unsuitable investments, and lost opportunity.

If you lost money on investments with Scott Wallach and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Scott Wallach’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Scott Wallach and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us. 

 

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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