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Toria Scotto Allegedly Misrepresented Bonds

Nov 18, 2022 Misrepresentation

Toria Scotto (CRD #: 4778359), a broker registered with UBS Financial Services, was involved in a recent dispute, according to her BrokerCheck record, accessed on November 13, 2022. If you want to learn more about her conduct as a broker, read on.

Investor Dispute

On August 23, 2022, an investor alleged that Toria Scotto misrepresented investing in bonds through Alliance Bernstein as a change in fund managers, and that these bonds could be sold at any time without restrictions. The client sought $110,776.81 but the dispute was denied.

However, investors should be aware that firms can deny disputes without an external review. Investors may be able to recover their losses following a denial by seeking out FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, and otherwise unethical means of influencing investors’ decisions. Misrepresenting an investment’s risks, potential returns, and other features violates this rule.

Background Information

Toria Scotto has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Toria Scotto is a registered broker in 26 states, the District of Columbia, and Puerto Rico. She is also a registered investment adviser in Texas and the District of Columbia.

Kurta Law Can Help

If you worked with Toria Scotto 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. 

 

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