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Scott Olson is the Subject of a Half Million Dollar Dispute

Scott Olson (CRD #: 711256), a broker registered with Innovation Partners, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 15, 2024. Investors should know that this is the fourth investor dispute on his record. 

Investor Allegations 

On March 29, 2024, an investor alleged his investments were not suitable and were not in line with his stated investment objectives and risk tolerance. The investor is seeking $500,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Scott Olson has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 22TO Direct Participation Programs Representative Examination 
  • Series 6TO Investment Company Products/Variable Contracts Representative Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 1 Registered Representative Examination 
  • Series 26 Investment Company Products / Variable Contracts Principal Examination 
  • Series 24 General Securities Representative Examination 

He is a registered broker in four states and is a registered investment adviser in Florida and Michigan. 

During his 43 years of experience, Scott Olson has registered with 20 firms. These are the most recent: 

  • Innovation Partners (CRD #: 146344) 
  • IP Financial Advisory Services (CRD #: 305772) 
  • Atlantic Financial Advisors (CRD #: 155468) 
  • Independent Financial Group (CRD #: 7717) 
  • Atlantic Financial Advisors (CRD #: 155468) 

Kurta Law Can Help 

If you have worked with Scott Olson 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.