Valentino Scott Has Customer Disputes | Goodman & Nekvasil P.A., May Recover Investor Losses
Valentino Scott has customer disputes. Scott is a securities broker with Centaurus Financial, Inc.
Scott’s BrokerCheck Report has 3 pending customer complaints. The pending complaints filed allege unsuitable customer recommendations for risky, private placements.
Scott has nine complaints that have been filed against him since he has been a registered sales agent with FINRA regulated broker dealers.
FINRA Suitability Obligations
Rule 2111 lists the three main suitability obligations for firms and associated sales persons.
Reasonable-basis suitability requires a broker to have a reasonable basis to believe, based on reasonable diligence, that the recommendation is suitable for at least some investors. Reasonable diligence must provide the firm or associated person with an understanding of the potential risks and rewards of the recommended security or strategy.
Customer-specific suitability requires that a broker, based on a particular customer’s investment profile, has a reasonable basis to believe that the recommendation is suitable for that customer. The broker must attempt to obtain and analyze a broad array of customer-specific factors to support this determination.
Quantitative suitability requires a broker with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions, even if suitable when viewed in isolation, is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost any money on investments with Valentino Scott, you may be able to recover your losses. The investments may have been unsuitable or otherwise improper for you. There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. Unless we recover money for you, we charge no attorney’s fee.
Goodman & Nekvasil, P.A. has recovered more than $400 million on behalf of victimized investors. If you would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained on 7/18/2023 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.