Lee Scott Rawiszer (CRD #1248193) Has Customer Dispute Disclosures on FINRA BrokerCheck

Lee Scott Rawiszer (CRD #1248193) is a broker with customer disputes on FINRA BrokerCheck. We reviewed his BrokerCheck report on June 10, 2026. It reflects three customer dispute disclosures. If you invested with Lee Rawiszer and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Lee Rawiszer’s FINRA BrokerCheck Report reflects three customer dispute disclosures. Summaries of two disputes are below. One additional customer dispute disclosure remains in Lee Rawiszer’s FINRA BrokerCheck Report. It is not summarized above.

On March 16, 2026, a claimant alleged the financial professional recommended unsuitable alternative investments. The claimant sought $5,000 in damages. Lee Rawiszer’s FINRA BrokerCheck Report lists the product type as Direct Investment-DPP & LP Interests. The matter remains pending in Lee Rawiszer’s FINRA BrokerCheck Report. Rawiszer’s statement says he never sold or discussed the product with the client. He also states he is not named in the complaint.

On January 10, 2025, claimants alleged an unsuitable recommendation for the purchase of a security. The products were Oil & Gas and Real Estate Security. Lee Rawiszer’s FINRA BrokerCheck Report shows the matter settled on February 3, 2026, for $17,500. His individual contribution was $0. Rawiszer’s statement says he never met or spoke with the client. It also says he was not named in the complaint and did not take part in the settlement negotiations.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis to believe a recommendation fits the customer’s investment profile. Claims about unsuitable alternative investments often raise questions about risk, liquidity, and costs.

Rule Summary #2: FINRA Rule 2310 (Direct Participation Programs)

FINRA Rule 2310 addresses direct participation programs and REIT offerings. It includes suitability and disclosure standards for products that may carry liquidity and valuation risks.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Lee Rawiszer’s FINRA BrokerCheck report, Lee Rawiszer:

Is currently registered with LPL Financial LLC and Trivium Point Advisory, LLC.

Has passed the Securities Industry Essentials (SIE) exam. Lee Rawiszer has passed Series 7, Series 22, and Series 6. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Purshe Kaplan Sterling Investments, Kestra Advisory Services, LLC, and Kestra Investment Services, LLC.

Kurta Law Can Help

If you have worked with Lee Rawiszer and have concerns, Kurta Law may be able to help. The firm can evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Investment Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. That review can explain possible next steps.