CFP Board Disciplinary Action – Scott F. Goldman, Arlington Heights, IL
Are you concerned about investments with Scott F. Goldman in Arlington Heights, IL? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
In May 2019, according to the CFP Board’s Disciplinary and Ethics Commission, the board reportedly issued an order in which Goldman received a suspension of his right to use the CFP® certification marks for six months.
Goldman, formerly registered as a broker with H. Beck, allegedly “failed to comply with applicable regulatory requirements governing professional services provided to a client, failed to exercise reasonable and prudent professional judgment in providing professional services to client, and failed to make and/or implement only recommendations that are suitable for a client when he concentrated a client’s portfolio in unsuitable precious metals investments in late 2009 through August 2010.”
Further, the Commission also found that Goldman entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) for alleged violations. According to the AWC, FINRA issued Goldman a suspension for 20 calendar days and fined him $10,000.
Goldman’s suspension is reportedly effective from June 28, 2019 through December 28, 2019.
According to his FINRA BrokerCheck report, Goldman was affiliated with H. Beck from January 2010 until May 2016. He reportedly has 6 customer complaints filed against him during his career in the securities industry. He currently is not registered as a broker, according to his profile.
Investigating Potential Lawsuits
The White Law Group is investigating potential lawsuits regarding the liability that his former employers may have for failure to properly supervise Goldman.
When brokers violate securities laws, such as making unsuitable recommendations, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including New York. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Scott F. Goldman, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.