Investigation of Former FSC Securities Corporation Broker Scott Ferguson
Posted on Monday, May 3rd, 2021 at 7:57 pm
Did you lose money investing with former FSC Securities Corporation broker Scott Ferguson (CRD# 4668142)? Ferguson has been registered with Cambridge Investment Research, Inc. in Brunswick, Maryland since October 2019. Previously, Ferguson was registered with FSC Securities Corporation in Silver Spring, Maryland from 2005 to 2019.
Ferguson has been the subject of two customer complaints between 2019 and 2021, one of which was denied, according to his CRD report:
January 2021. “Claimant’s allege that the financial professional recommended an alternative investment that was unsuitable.” The customer is seeking $300,000 in damages and the case is currently pending. The complaint is regarding business development companies (BDCs) and took place while Ferguson was registered with FSC Securities Corporation.
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, FSC Securities Corporation may be liable for investment or other losses suffered by Ferguson’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.