Andrew Scott Corbman – Background Report for Investors
Table of Contents
Haselkorn & Thibaut, a national law firm dedicated to representing investors in securities disputes, has opened an investigation into Andrew Scott Corbman, a financial advisor formerly registered with FSC Securities Corporation, and associated with RAF Financial Corporation. Investors concerned about their accounts or financial losses connected to Andrew Scott Corbman are encouraged to review the details below and consider a free, confidential consultation.
Who is Andrew Scott Corbman?
Andrew Scott Corbman has worked as a financial advisor for multiple firms, most notably at FSC Securities Corporation where he held the position of Registered Representative from February 2008 until September 2025. During his tenure, Mr. Corbman was required to hold professional credentials including the Series 7 and Series 63 licenses. His career history and regulatory disclosures are sourced from FINRA BrokerCheck, SEC IAPD, and public records.
Summary of Disclosures and Red Flags
A central goal for any investor is to select a financial advisor with the utmost integrity and a clear disciplinary record. Mr. Corbman’s public broker record reveals two major disclosures – a regulatory action and a customer complaint. These disclosures are important red flags for current and prospective clients to consider when evaluating past financial advice or investment performance.
| Disclosure Type | Date | Allegations | Resolution |
|---|---|---|---|
| Regulatory Action | 2016-03-07 | Suspension for unsuitable investment recommendations, over-concentration in alternative mutual funds, distributing misleading sales materials. | One-month suspension, no monetary penalty due to financial status. |
| Customer Complaint | Unknown | Unsuitable recommendations, misrepresentations, financial loss due to over-concentration and risk exposure beyond stated customer tolerance. | Settled |
Details of Regulatory Action
On March 7, 2016, Andrew Scott Corbman was suspended for one month by regulators from any association with a FINRA member firm. The action involved:
- Making unsuitable investment recommendations that were inconsistent with customers’ investment objectives and risk tolerance.
- Causing over-concentration of customers’ liquid net worth in alternative mutual funds.
- Providing a sales brochure containing misleading information, failing to present a sound and balanced approach for evaluating the investment.
Although these actions did not result in a monetary penalty due to Mr. Corbman’s financial situation, such regulatory matters serve as serious indicators for investors, highlighting the need for diligence when reviewing recommendations or advice given in the past.
Customer Complaint Highlight
A separate customer complaint was filed against Andrew Scott Corbman (date not reported), alleging:
- Unsuitable investment strategies, particularly relating to alternative mutual funds and other securities.
- Misrepresentations about the nature and level of possible risk.
- Financial losses resulting from over-concentration and excessive risk exposure beyond the client’s stated tolerance levels.
This complaint was resolved with a settlement, which typically suggests that the client received some form of restitution or compensation from the advisor or firm.
Understanding Red Flags for Investors
Choosing the right advisor means being aware of possible warning signs. Red flags such as regulatory actions and customer complaints signal areas investors should look into more deeply. In Mr. Corbman’s case, key takeaways include:
- Investment Suitability Concerns: Evidence of advice inconsistent with client objectives or risk may mean your own investments were not properly structured.
- Over-Concentration: Excessive exposure to a single product or sector can dramatically increase risk, contrary to best practices and most clients’ conservative objectives.
- Misleading Materials: Advisors must offer clients balanced, factual, and complete information. Distribution of misleading sales literature is a serious infraction.
- Settlement History: Any time a customer complaint is settled, current and former clients should understand why and whether similar issues could have affected them.
Summary Table: Key Issues in Andrew Scott Corbman’s Case
| Issue | Description |
|---|---|
| Regulatory Action | Suspended for making unsuitable recommendations and distributing misleading information. |
| Customer Complaint | Alleged unsuitable and risky recommendations, and received a settlement. |
| Product Type | Alternative mutual funds and other non-traditional investments. |
| Potential Impact | Financial losses or higher-than-expected risk exposure for affected clients. |
What Should Investors Do Next?
If you or someone you know worked with Andrew Scott Corbman at FSC Securities Corporation or any other firm, and you have concerns about your account’s performance, investment losses, or simply want an impartial review, know there are resources available to help. Haselkorn & Thibaut has decades of experience recovering funds and representing clients in similar cases nationwide.
- Review your statements and documents for alternative mutual fund purchases or any concentrated positions.
- Consider if your investment profile matches your account—was your portfolio riskier than you were told?
- Reach out for a free, confidential case evaluation—no recovery, no fee.
Act quickly: Regulatory statutes and time limits may impact your ability to recover investment losses. Haselkorn & Thibaut can help you understand your options and pursue possible claims for recovery in a no-pressure, empathetic environment.
Contact Haselkorn & Thibaut today at 1-888-885-7162 to discuss your situation, or visit investmentfraudlawyers.com for more information. All consultations are strictly confidential and free of charge.
Choose wisely and protect your financial future by working with a law firm that has a 98% success rate, more than 50 years of experience, and millions recovered for investors like you. If you have questions regarding Andrew Scott Corbman, FSC Securities Corporation, or alternative mutual fund investments, now is the time to act.
