Neal Scott of New York New York a stockbroker formerly registered with Euro Pacific Capital Inc. is referenced in a customer initiated investment related written complaint which was resolved on March 15, 2016 for $8,000.00 in damages founded on allegations of breach of fiduciary duty and suitability relating to the over-concentration of the customer’s assets in stock.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Scott has been identified in three more customer initiated investment related disputes pertaining to accusations of Scott’s misconduct during the time that he was associated with Lew Lieberbaum and Co., E.G. Frances & Co., Inc., and Emanuel & Co. Specifically, Scott was subject of a customer initiated investment related arbitration claim in which the customer was awarded $84,099.88 in damages based upon Scott being found liable on the customers’ claims of fraudulent misrepresentations regarding the terms and conditions of real estate investment trust products. National Association of Securities Dealers (NASD) Arbitration No. 90-01053.
Thereafter, a customer initiated investment related arbitration claim concerning Scott’s activities was settled for $262,000.00 in damages based upon allegations including breach of fiduciary duty, suitability and misrepresentation pertaining to the customer’s investment portfolio. NASD Arbitration No. 96-04315.
Scott has also been subject of two regulatory actions referencing accusations of his misconduct. Specifically, on November 23, 2015, Virginia Division of Securities & Retail Franchising denied Scott’s securities registration supported by allegations that Scott failed to make required regulatory disclosures. Similarly, Maryland Securities Division censured Scott and required him to withdrawal his securities registration based upon Scott’s consent to findings that he failed to make required disclosures to the regulator. Case No. 2017-0574 (Nov. 14, 2017).
Scott has been associated with at least two different broker dealers which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. Since May 21, 2018, he has been associated with Joseph Stone Capital L.L.C.
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