Did You Lose Money with Wedbush Securities Inc. Broker Scott Andersen?

Posted on Monday, October 21st, 2019 at 3:23 pm    

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There are options for customers of Wedbush Securities Inc. broker Scott Andersen (CRD# 4412679) who suffered investment losses Andersen has been registered with Wedbush Securities Inc. in Roseville, California since 2006. Anderssen is an 18-year industry veteran who previously worked at Morgan Stanley in Auburn, California from 2001 to 2006.

In February 2019, a pending civil complaint opened against Andersen alleging damages for conversion and fraud.

Andersen has been the subject of one customer complaint, according to his CRD report:

May 2019. “Complaint for damages for conversion and fraud.” The customer is seeking $400,000 in damages and the case is currently pending.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Wedbush Securities Inc. may be liable for investment or other losses suffered by Andersen’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

Disclaimer: Clients are responsible for costs. Contingency fee is calculated before deducting costs incurred in the case.