Scott Short Allegedly Breached His Fiduciary Duty

Scott Short, a financial advisor registered with Directional Asset Management, is the subject of a regulatory action. This disclosure appears on his BrokerCheck record, accessed on October 30, 2025. Keep reading if you have questions regarding his alleged conduct.

Regulatory Action

On August 25, 2025, Daniel Short allegedly consented to the entry of a Consent Order in Illinois alleging he breached a fiduciary duty and received a loan from a long-time client. He also allegedly failed to amend a form to disclose other business activities related to his work with commercial real estate.

As part of the terms of the Order, Scott Short consented to a $40,000 fine.

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.)

FINRA Rule 3240

FINRA Rule 3240 describes the circumstances under which brokers may borrow from or lend to clients.

Background Information

Scott Short has passed the following exams:

• Series 24 General Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination
• Series 7TO General Securities Representative Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination 

He has registered with the following brokerage firms:

• JVM Securities (CRD #: 290327)
• Charles Schwab & Co. (CRD #: 5393)
• Prudential Securities (CRD #: 7471)
• Barron Chase Securities (CRD #: 18969)

Kurta Law Can Help

If you worked with Scott Short and you 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.