According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Scott Goldman allegedly recommended an investment strategy to an elderly customer that was unsuitable. The investment was concentrated in risky, leveraged precious metal products between November 2009 and August 2010. This is against securities laws. For this he was fined $10,000 and suspended for 20 calendar days. A broker must only recommend securities that are suitable for investors. If he does not, his brokerage firm can be liable for losses. He must take into account a client’s age, net worth, and investment savvy, among other factors. Please call us today to speak to an attorney for free about how you may be able to recover your losses with Scott Goldman and H. Beck. We are based in Chicago, Illinois.
Goldman was registered with AMEV Investors, PW Securities, Mutual Service Corp, Oak Brook Securities, FFP Securities, Waterstone Financial, LPL and H. Beck in Arlington Heights, Illinois from January 2010 until May 2016. He is currently registered with Cambridge Investment Research in Arlington Heights and has been since May 2016. He has six customer disputes against him.
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