Warning: JOHN LEE SCOTT of LPL Financial Is Now BARRED
Have you lost money with financial advisor John Lee Scott of Phoenix, Arizona? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority. FINRA barred John Lee Scott after he failed to respond to an investigation. FINRA was investigating Scott regarding his alleged involvement in private securities transactions and outside business activities.
John Lee Scott was a financial advisor and registered representative of LPL Financial from August 2013 to June 2015 and again from March 2017 to August 2019. He worked at branch offices in Phoenix, Arizona.
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 Phoenix, Arizona; Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Arizona. Attorney Aaron Israels is licensed in Arizona. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against LPL Financial.