Valentino Michael Scott of West Hills, California, a stockbroker associated with Centaurus Financial, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $25,000.00 in damages. According to the claim, Scott recommended a high-risk, complex, and illiquid corporate bonds or structured products during the time that he was associated with Centaurus Financial. FINRA Arbitration No. 23-01806 (July 21, 2023).
Public Disclosure shows that Scott is referenced in ten other customer initiated investment related disputes concerning his conduct while associated with securities broker dealers. On May 26, 2022, a customer initiated investment related FINRA securities arbitration claim involving Scott’s conduct was settled for $110,000.00 in damages. The claim alleged that between 2014 and 2020, Scott recommended and over-concentrated the customer’s account in unsuitable investments including variable annuities, mutual funds, and real estate securities. FINRA Arbitration No. 20-00891.
On February 24, 2023, a customer filed an investment related claim involving Scott’s conduct in which the customer requested $40,000.00 in damages based upon allegations that Scott misrepresented and mishandled a real estate security transaction when Scott was associated with Centaurus Financial Inc. FINRA Arbitration No. 23-00054.
Scott was also referenced in a customer initiated investment related claim in which the customer requested $250,000.00 in damages based upon allegations that Scott provided unsuitable advice about bonds. FINRA Arbitration No. 23-01739 (June 20, 2023).
Scott was also referenced in a customer initiated investment related claim that was settled for $92,500.00 in damages based upon allegations that Scott made misrepresentations of material fact and engaged in unsuitable trading in corporate bonds during the time that Scott was associated with Centaurus Financial Inc. FINRA Arbitration No. 22-01512 (July 20, 2023).
On August 22, 2023, a different customer initiated investment related FINRA securities arbitration claim concerning Scott’s conduct was settled for $70,500 in damages. The allegations claim that Scott made unsuitable recommendations and over-concentrated the customer’s accounts in unsuitable, illiquid, and risky direct investments and real estate securities. FINRA Arbitration No. 22-00509.
Scott has been associated with Centaurus Financial Inc. in West Hills, California since January 13, 1995, as a stockbroker, and since December 31, 1997, as an investment adviser representative.
