Category Archives: United Equity Securities

Former NelsonReid Broker Edward Scro Barred by FINRA

In November 2013, FINRA announced that Edward Francis Scro (CRD #2321985) of Naples, FL, was barred from association with any FINRA member in any capacity. This sanction was based on findings that Scro made unsuitable recommendations to elderly customers who needed stable monthly income and who were unsophisticated investors. The customers were sold risky, illiquid investments, mostly private placements offerings and were told by Scro that the principal would be protected while earning high interest with little risk.

The customers relied on Scro who also recommended unsuitable levels of investments in real estate related products and falsely represented having an MBA degree to customers. Scro faild to provide a requested on-the-record interview with FINRA.
According to FINRA records, Scro was registered with the following broker dealers:
  • NelsonReid Inc. 8/2010-5/2011
  • United Equity Securities 3/2010-8/2010
  • Workman Securities  6/2008-3/2010
If you had an account with Scro that suffered losses due to unsuitable recommendations, you may be able to recover those losses through FINRA arbitration. Call to discuss your legal rights.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900