WYOMISSING, PA

Have you lost money with financial advisor Scott Kaufman of Wyomissing, Pennsylvania?  We are looking into allegations made by FINRA, the Financial Industry Regulatory Authority, against Scott Alan Kaufman.  FINRA has barred Kaufman from the securities industry after he failed to respond to an investigation.  FINRA alleged that Kaufman used a fixed income strategy designed to increase bond ratings at the expense of lowering yield to the customer.

Scott Kaufman was a financial advisor and registered representative of LPL Financial from June 2017 to September 2019.  He worked at a branch office in Wyomissing, Pennsylvania.  Kaufman was terminated by two other firms, in 1994 and 2017.

Brokerage firms like LPL Financial have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Pennsylvania in the past.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against LPL Financial.

Click to view:  Kaufman, Scott BrokerCheck 12.23.21

Click to view:  Kaufman, Scott FINRA AWC

If you lost money with Scott Kaufman or LPL Financial, please Contact Us at 206-795-5798 for a free evaluation of your case.