Scott Sadar Has An Investor Complaint – Goodman & Nekvasil, P.A., May Recover Investor Losses
Scott Sadar has an investor complaint pending for $500,000 in alleged damages.
Portland, Oregon financial advisor Scott Sadar (CRD# 4238459) recently received an investor complaint alleging his conduct resulted in damages as high as $500,000. Financial Industry Regulatory Authority records show that he is a broker with Somerset Securities and a former investment advisor with Somerset Wealth Management.
Mr. Sadar’s BrokerCheck report discloses one investor complaint. Filed in September 2023, it alleges that as a representative of Somerset Securities, he recommended an unsuitable investment in an iCap equities private placement. The pending complaint alleges damages between $300,000 and $500,000.
iCap Equity recently filed for bankruptcy. The company’s former CEO stepped down earlier this year, with the firm Paladin Management Group taking charge of the company’s business decisions. Brokers who unsuitably recommended the risky private placement to investors may be liable for damages in the event that their clients suffer losses.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 10/27/23. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.