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Scott Norvell Subject of a FINRA Investigation into Allegations of Negligence

Scott Norvell (CRD #: 2196706), a broker registered with Brokers International Financial Services, is the subject of a FINRA investigation. This disclosure appears on his BrokerCheck record, accessed on September 5, 2023. Details are provided below. 

On July 14, 2023, FINRA made a preliminary determination to recommend disciplinary action be brought against Scott Norvell following allegations that he violated FINRA Rule 2010 when he negligently misrepresented facts to customers about the death benefits of variable annuity exchanges. FINRA is also investigating allegations that he violated FINRA Rule 4511 when he falsified customer signatures on account documents. 

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records. Falsifying customer signatures on account documents violates this rule. 

FINRA Rule 2010

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

Background Information 

Scott Norvell 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 Compan Products/ Variable Contracts Representative Examination 
  • Series 24 General Securities Principal Examination

He is a registered broker in seven states and a registered investment adviser in Nebraska and Texas. 

Scott Norvell has registered with the following firms: 

  • Brokers International Financial Services (CRD #: 139627) 
  • Brokers Financial (CRD #: 139627) 
  • LPL Financial (CRD #: 6413) 
  • Cetera Advisors (CRD #: 10299)
  • Royal Alliance Associates (CRD #: 23131) 
  • Vestax Securities (CRD #: 10332)
  • Royal Alliance Associates (CRD #: 23131) 
  • Linsco/Private Ledger Corp (CRD #: 6413) 

Kurta Law Can Help

If you worked with Scott Norvell and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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 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.

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