Scott Sorrell’s Recommendations Allegedly Resulted in Client Losses

Scott Sorrell (CRD #: 4993192), a broker registered with Royal Alliance Associates, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on January 30, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On November 11, 2022, an investor alleged that Scott Sorrell made recommendations to liquidate certain positions in her accounts, resulting in losses. This dispute was denied by the firm.

However, investors should know that firms don’t need to allow an outside review before denying a dispute. Investors can still seek out FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes characteristics such as their age, tax status, and risk tolerance.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

Scott Sorrell 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

Scott Sorrell is a registered broker in ten states and a registered investment adviser in North Carolina.

He has also worked for Signator Investors (CRD#:468).

Kurta Law Can Help

If you worked with Scott Sorrell 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 and 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.