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State Departments of Insurance Take Regulatory Action Against K.C. Scott 

Dec 22, 2022 Regulatory Action

K.C. Scott (CRD #: 5774052), a broker formerly registered with PFS Investments, has had his insurance license revoked in two states, according to his BrokerCheck record, accessed on December 13, 2022. If you have questions about K.C. Scott’s alleged conduct as a broker, keep reading.

State Regulatory Actions

On September 20, 2022, the Oregon Department of Insurance alleged that K.C. Scott failed to disclose his being named or involved as a party in an administrative proceeding. The department ordered K.C. Scott to cease and desist.

On July 20, 2022, and October 21, 2021, respectively, the California and Louisiana Departments of Insurance alleged that K.C. Scott incorrectly answered to an administrative proceeding and failed to respond to requests by each state’s Insurance Commissioner. Both states revoked K.C. Scott’s insurance license.

On December 8, 2020, the New York Department of Insurance alleged that K.C. Scott demonstrated “untrustworthiness” as defined under New York State insurance law. The state denied his insurance license.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

K.C. Scott has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

He has also worked for PFS Investments (CRD#:10111).

Kurta Law Can Help

If you worked with K.C. Scott and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.