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Scott Reed is Involved in Several Pending Customer Disputes

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 8, 2018 indicate that Pennsylvania-based FS Investment Services broker Scott Reed is involved in several pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Reed (CRD# 2213108).

Scott Reed has spent 24 years in the securities industry and has been registered with FS Investment Services in Philadelphia, Pennsylvania since October 2016. He was previously registered with David A. Noyes & Company in Indianapolis, Indiana from 1993 through 2016. He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 53 (Municipal Securities Principal Examination). He is a registered broker with two US states: Indiana and Michigan.

According to his BrokerCheck report, he has received five pending customer complaints.

In December 2017 a customer alleged Scott Reed, while employed at David A. Noyes & Company, violated FINRA Conduct Rule 2111. The customer is seeking $183,243 in damages in the pending complaint.

In October 2017 a customer alleged Scott Reed, while employed at David A. Noyes & Company, sold unsuitable private investments, made false promises regarding an investment’s performance, and downplayed the risk of an alternative investment. The customer is seeking $350,000 in damages in the pending complaint.

In October 2017 a customer alleged Scott Reed, while employed at David A. Noyes & Company, recommended and sold unsuitable investments in BRS and Digonex. The customer is seeking $105,000 in damages in the pending complaint.

In September 2017 a customer alleged he, while employed at David A. Noyes & Company, recommended unsuitable investments in BRS stock and was negligently managed the account. The customer is seeking $191,000 in damages in the pending complaint.

In 2017 a customer alleged he, while employed at David A. Noyes & Company, made unsuitable investment recommendations, committed fraud, breached contract, breached his fiduciary duty, violate state and federal securities law, and acted negligently. The customer is seeking $1,681,430 in damages in the pending complaint.

If you have lost money investing with Scott Reed, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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