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Scott Fries Formerly With Transamerica Financial Advisors, Inc. Has A Customer Complaint For Alleged Broker Misconduct

Who is Scott Fries formerly with Transamerica Financial Advisors, Inc.?

Scott Fries

Scott Fries (CRD #2205768) who was formerly registered with Transamerica Financial Advisors, Inc. and located in Cincinnati, Ohio, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Transamerica Financial Advisors, Inc., Scott Fries was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Scott Fries has had his own regulatory problems. First, he was permanently barred for many further association with any FINRA member firm for failing to cooperate in one of its investigations. On a related matter, the SEC filed suit against him and the court entered a default judgment against him for allegedly soliciting investors to give him money to personally invest which has been used for his own personal benefit. The court entered an order granting an injunction, disgorgement, and penalties.

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Scott Fries Customer Complaint

Scott Fries has been the subject of at least one customer complaint that we know about to recover investment losses. The allegations made in the FINRA reported customer complaint for investment losses were the representative solicited the customer to invest money through the advisor’s own LLC and the customer has not received any of his money back. Transamerica Financial Advisors denied the customer complaint and, to date, the customer has not taken any further action

Scott Fries Red Flags & Your Rights As An Investor

Of course, Scott Fries did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Scott Fries at Transamerica Financial Advisors, Inc. on alert to review carefully the activity and performance of their accounts and question whether Scott Fries has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Transamerica Financial Advisors, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Transamerica Financial Advisors, Inc. Due To Scott Fries

If you have questions about Transamerica Financial Advisors, Inc. and/or Scott Fries and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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