April 10, 2015-Grapevine, Texas
James E. Scott , entered into an Order Accepting Offer of Settlement (Order) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he aided and abetted a person who was not registered with the state of Texas in engaging in the recommendation and sale of securities in Texas.
In addition, according to the Order, Scott shared at least $47,500 of commissions related to the transactions with the unregistered individual. Furthermore, during his on the record testimonrhy, Scott knowingly provided false information to FINRA regarding the nature of his relationship with the unregistered individual
Scott was permanently barred from the industry. According to FINRA records Scott was previously registered as follows:
- International Assets Advisory 2/2013-7/2014
- IMS Securities 2/2013-2/2013
- Kovack Securities 12/2012-1/2013
- FSC Securities 3/2012-12/2012
- Southwest Securities 5/2008-4/2012
Disciplinary Proceeding NO. 2013035723501
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