Scott William Hartman of Dallas Texas a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to furnish information to FINRA personnel inquiring into his activities. Case No. 2016049225001 (May 31, 2017).
FINRA Public Disclosure reveals that FINRA first suspended Hartman in all capacities on March 24, 2017. By this time, Hartman was warned that his failure to provide FINRA the requested information would eventually lead to his bar from the securities industry unless Hartman was able to convince FINRA to terminate his suspension on other grounds. Hartman reportedly failed to communicate with the regulator by May 30, 2017. Consequently, FINRA automatically barred him on May 31, 2017.
FINRA Public Disclosure further confirms that on January 29, 2016, the State of Oklahoma, on behalf of Insurance Commissioner, John Doak, filed an investment related civil action involving Hartman’s conduct in which the State of Oklahoma sought restitution and monetary penalties to be assed against Hartman supported by accusations of unjust enrichment, negligence, and breach of fiduciary duty in regard to Hartman’s outside business activities while employed with Sanford C. Bernstein & Co., LLC. Case No. CJ 2016-513 (Jan. 31, 2016).
Hartman’s registration with Sanford C. Bernstein & Co., LLC was terminated on September 19, 2014, and his registration with Morgan Stanley was terminated on January 17, 2017.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
