Victim of Financial Fraud? Call Now
Home » Broker Blog » Scott Whiteley Permitted to Resign from Transamerica Financial Advisors

Scott Whiteley Permitted to Resign from Transamerica Financial Advisors

Scott Whiteley (CRD #: 4858721) was permitted to resign from his firm, according to his BrokerCheck record, accessed on August 12, 2022. Read on if you want to know more about Scott Whiteley’s conduct as a broker.

Resignation from Transamerica Financial Advisors

On July 22, 2022, Scott Whitely was permitted to resign from Transamerica Financial Advisors after the firm allegedly found his involvement in unauthorized transactions in clients’ accounts and unapproved electronic communications with clients.

FINRA Rule 3260

FINRA Rule 3260 limits brokers to exercise their trading discretion in pre-authorized discretionary accounts, approved by both the client and firm.

FINRA Rule 2010

Violations of this and other FINRA Rules frequently qualify as automatic violations of FINRA Rule 2010, which requires brokers to uphold high standards of commercial honor and ethical conduct.

Background Information

Scott Whiteley has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

He previously worked for Transamerica Financial Advisors (CRD#:16164) and World Group Securities (CRD#:114473).

Kurta Law Can Help

If you worked with Scott Whiteley 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. 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories