Scott Strochak, Financial Advisor Scott Strochak Charged by SEC

Scott Strochak, Financial Advisor Scott Strochak Charged by SEC | Goodman & Nekvasil P.A., May Recover Investor Losses

Scott Strochak CRD #1170464

Scott Strochak was a formerly licensed financial advisor with Morgan Stanley from 2009 to 2015 in Boca Raton, Florida. The SEC announced charges against Scott Strochak in August 2019.

According to the SEC

The Securities and Exchange Commission announced charges on August 19, 2019 against Boca Raton, Florida resident Scott Strochak, a former registered broker, for making material misrepresentations regarding an investment fund scheme that targeted retail investors, and for acting as an unregistered broker.

The SEC alleges that Scott Strochak participated in a fraudulent scheme that raised nearly $3.8 million from at least seventeen retail investors until the SEC halted the scheme in February when it filed an emergency action against Castleberry Financial Services Group, LLC, its president T. Jonathon Turner and its CEO Norman M. Strell. According to the SEC’s complaint, Scott Strochak, who had decades of experience in the financial services industry, solicited investors using false representations that Castleberry investments were bonded and insured by leading insurance companies, even after he received several complaints from investors who were not provided proof of such insurance. Scott Strochak also allegedly misrepresented Castleberry’s profitability, despite knowing that Castleberry denied some investors’ requests to withdraw their principal due to insufficient funds. The complaint further alleges that Scott Strochak was reckless in repeating Castleberry’s false claims that it had grown by $600 million in capital and 300 investors in 2018, when he knew that, as the sole sales agent until December 2018, he had brought in only about $2 million from about seven investors that year.

In a parallel criminal action, the U.S. Attorney’s Office for the Southern District of Florida criminally charged Turner, Strell and Scott Strochak in May 2019. Scott Strochak pleaded guilty on August 16, 2019 and is awaiting sentencing.

Goodman & Nekvasil, P.A. May Recover Investment Losses

If you lost any money on investments with Scott Strochak, you may be able to recover your losses. If you lost money on investments with Scott Strochak 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 Strochak’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 Strochak 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.

Scott Strochak, 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, Scott Strochak

Contact Us Today!

[]
1 Step 1
reCaptcha v3
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder