Stoltmann Law Offices is investigating Scott Muirhead, who was recently barred from the industry by the Financial Industry Regulatory Authority (FINRA). Allegedly, Muirhead engaged in unapproved private securities transactions, also known as “selling away.” This is when a broker offers and sells a security that is not held by his brokerage firm. It is typically to gain commissions that do not need to be shared with his firm. It is against securities rules and regulations. If you invested money with Scott Muirhead, you may be able to recover your losses in the FINRA arbitration forum on a contingency fee basis. To talk about your possible claim with one of our securities attorneys, please call our Chicago-based offices at 312-332-4200 today. The call is free with no obligation. We sue firms such as Merrill Lynch to recover money lost.
Muirhead was registered with Lincoln Financial Advisors Corp in Dallas, Texas from June 2006 until April 2008, Princor Financial Services Corp in Sachse, Texas from April 2008 until September 2010, Bright Trading in Las Vegas, Nevada from September 2010 until March 2011, Signator Investors in Dallas, Texas from June 2011 until June 2012, Multi-Finance Securities in Sachse from June 2012 until November 2012 and Merrill Lynch in Jacksonville, Florida from March 2014 until December 2014. He has one criminal disposition against him. He is not licensed and has been barred from the industry, according to his FINRA online BrokerCheck report.
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