If you have invested with Andrew Scott Corbman in Ashburn, Virginia, and are a former or current client of FSC Securities Corporation or RAF Financial Corporation, this report is especially important for you. Haselkorn & Thibaut has initiated an investigation into the financial advisor’s business practices and recent disclosures. With over 50 years of experience, a 98% success rate, and millions recovered for clients, their team is dedicated to helping investors pursue potential claims—offering a no recovery, no fee policy.
Overview of Andrew Scott Corbman’s Background
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Andrew Scott Corbman (CRD #2513558) was registered with FSC Securities Corporation in Ashburn, VA, from February 2008 until March 2016. He is currently affiliated with RAF Financial Corporation. Over the span of his career, there have been two major disclosures involving regulatory and customer-related actions which investors should review before continuing or initiating any business relationship.
Advisor Profile and Employment History
- Name: Andrew Scott Corbman
- Firms: FSC Securities Corporation (Past), RAF Financial Corporation (Current)
- Location: Ashburn, Virginia
- Licenses Held: Series 7, Series 63
To verify these details or check for updates, visit FINRA BrokerCheck.
Summary of Reported Disclosures
| Type of Disclosure | Date | Description | Resolution |
|---|---|---|---|
| Regulatory Action | 2016-04-01 | Suspended for one month from any FINRA member due to making unsuitable investment recommendations that conflicted with the clients’ objectives and risk tolerance. Allegations included over-concentration of clients’ liquid net worth in specific investments and distribution of misleading sales brochures about alternative mutual funds. No monetary fine due to personal financial status. | Suspended |
| Customer Complaint | 2015-11-15 | Complaint based on unsuitable investment advice involving alternative mutual funds and over-concentration of assets. Claim included alleged misrepresentation and failure to disclose investment risks, resulting in financial losses for the client. | Settled |
Analysis: Red Flags for Investors
As with any investment relationship, it’s crucial to be well-informed. Here are several red flags from Andrew Scott Corbman’s report that investors should consider:
- Multiple Disclosures: Two significant disclosures involving claims of unsuitable recommendations and customer complaints.
- Regulatory Suspension: Formal suspension from working with any FINRA member firm indicates compliance and suitability concerns.
- Over-Concentration Issues: Both regulatory and customer complaints mention the risk of over-concentration, where large portions of a client’s liquid assets were placed into a single or a few investments.
- Misleading Communications: Distribution of sales materials that did not provide a balanced or adequate overview of alternative mutual funds—a critical issue when evaluating investment risk and performance.
- Customer Allegations of Loss: Clients reported financial losses linked directly to Corbman’s investment recommendations.
- Settled Complaint: When complaints lead to settlements, it may be worth reviewing what led to those outcomes and whether additional clients experienced similar issues.
What Investors Should Do Next
If you’ve worked with Andrew Scott Corbman in Ashburn or through FSC Securities Corporation or RAF Financial Corporation, and have concerns about your investments—especially regarding suitability, over-concentration, or lack of disclosure—you are not alone.
Many investors trust their advisors to make recommendations in alignment with their goals and risk tolerance. When there are regulatory actions and customer complaints citing these core violations, it’s a wise step to have your accounts and investment history reviewed by an attorney experienced in investment loss recovery.
The attorneys at Haselkorn & Thibaut offer a free, confidential consultation to discuss your circumstances, analyze your available options, and pursue claims if warranted. Their national team brings five decades of experience, a 98% success rate, and works on a no recovery, no fee basis.
Contact Haselkorn & Thibaut: No Recovery, No Fee
- Free, confidential consultation – no obligation
- Nationwide representation for securities and investment fraud cases
- Experienced attorneys with millions recovered for clients
- No recovery, no fee policy
If you believe you may have suffered an investment loss due to unsuitable recommendations, over-concentration, or misrepresentations, take action now.
Call Haselkorn & Thibaut at 1-888-885-7162 or visit investmentfraudlawyers.com to schedule your free case evaluation. It is important to have an experienced advocate review your case and help you understand your potential for recovery.
Final Thoughts
Understanding your advisor’s regulatory history is essential to protecting your investments and peace of mind. If any aspects of this report raise concerns or mirror your experience, reaching out for a free consultation can provide valuable clarity and potential solutions.
