September 2019- Sewickley, PA
According to publicly available records Scott Eugene Shoup (CRD#1874559) , a stockbroker who is currently registered Cetera Advisor Networks, disclose 1 pending and 4 final customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
From 6/ 2004 to 5/2005, 4 clients of Financial Investment Analysts filed customer disputes with allegations including: breach of contract, negligence, breach of fiduciary duty, misrepresentation, non-disclosures, unauthorized trading, omission of facts, suitability and fraud. Total settlements paid on these cases was about $147,000.
In October of 2015, a Cetera Advisor Networks customer filed a claim in the Court of Common Pleas in Westmoreland County, PA, alleging forgery of securities and misrepresentation or misleading information. The claim alleges that Shoup had the client’s name removed from monthly distributions from a joint annuity and that her husband was forging her name on the checks. The client is seeking $500,000 in damages in this pending matter .
Shoup has been employed by Cetera Advisor Networks since 9/2013. He was registered with Walnut Street Securities from 2004 until 2013. Shoup discloses a business affiliation with Vicus Capital, Inc., and Pennsylvania Financial Group (PFG) in State College, PA.
If you have questions about an investment account handled by Scott Eugene Shoup contact us for a no charge consultation to learn about your legal options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, 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.
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