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Scott Whiteley Permitted to Resign from Transamerica Financial Advisors

Aug 19, 2022 Unauthorized Trading

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.