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Scott McDonald Allegedly Violated North Carolina Real Estate Commission Rules

Scott McDonald (CRD #: 5655053), a broker registered with MML Investors Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 14, 2024. Keep reading if you have questions regarding his alleged conduct. 

Regulatory Action 

On March 4, 2024, the North Carolina Real Estate Commission alleged that Scott McDonald violated provisions of the Real Estate License Law and Commission rules by failing as Broker-in-Charge to maintain trust accounts. He also allegedly failed to supervise affiliated brokers and unlicensed individuals in violation of Commission Rule 21 N.C.A.C. 58A0110(g)(4), (5), (7), and (10). This includes the rule that brokers-in-charge “supervise all unlicensed individuals employed at the office.”

As part of the Consent Agreement, he agreed to surrender his real estate license for two years. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of state securities rules may also violate this rule. 

Background Information 

Scott McDonald has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in four states and is a registered investment adviser in North Carolina. 

During his 15 years of experience, Scott McDonald has registered with these two firms: MML Investors Services (CRD #: 10409) and Southeast Investment, N.C. Inc. (CRD #: 43035). 

Kurta Law Can Help 

If you have worked with Scott McDonald and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.