Scott Seltzer Facing Allegations of Unsuitable Recommendations
Scott Seltzer (CRD #: 2724643), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 3, 2023. Keep reading if you have questions about his alleged conduct.
On August 16, 2023, an investor alleged that Scott Seltzer made an unsuitable investment recommendation. The investor alleged this activity took place from September 25, 2020, through November 9, 2021.
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:
- Risk tolerance
- Time horizon (i.e., how long the investor plans to hold the investment)
- Investing experience
- Tax status
- Financial goals
Scott Seltzer 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 3 National Commodity Futures Examination
- Series 7 General Securities Representative Examination
He is a registered broker in 17 states, the Virgin Islands, and D.C. He is also a registered investment adviser in Florida and Texas.
During his 27 years of experience, he has registered with nine firms:
- Wells Fargo Clearing Services (CRD #: 19616)
- J.P. Morgan Securities (CRD #: 79)
- Morgan Stanley (CRD #: 149777)
- UBS Financial Services (CRD #: 8174)
- Ryan, Beck & Co. (CRD #: 3258)
- Gruntal & Co. (CRD #: 372)
- CIBC World Markets (CRD #: 630)
- Dean Witter Reynolds (CRD #: 7556)
- Smith Barney (CRD #: 7059)
Kurta Law Can Help
If you worked with Scott Seltzer and have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.