Haselkorn & Thibaut, P.A., a national securities law firm focused on helping investors recover losses, has opened an investigation into financial advisor Scott Edward Seltzer (CRD 2724643). The review follows a customer dispute involving allegedly unsuitable investment recommendations made during Seltzer’s time at J.P. Morgan Securities LLC.
For investors who worked with Scott Seltzer, understanding the details of this disclosure—as well as his long employment history—is crucial for evaluating potential losses and determining whether the recommendations made in their accounts were consistent with industry standards.
Who Is Scott Edward Seltzer?
Table of Contents
Scott Seltzer is a veteran financial advisor with nearly 30 years of experience in the brokerage and investment advisory industry. His regulatory record shows continuous registration with FINRA since 1996.
Current Role
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Wells Fargo Clearing Services, LLC / Wells Fargo Advisors, Palm Beach, Florida
(Registered since September 2022)
Prior Employment
His past firm affiliations include:
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J.P. Morgan Securities LLC
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Morgan Stanley
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UBS Financial Services
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CIBC World Markets
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Dean Witter Reynolds
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Smith Barney
Because Seltzer has worked at several major institutions, many investors across the country may have been advised by him throughout his career.
Customer Dispute Disclosure Involving Scott Seltzer
Nature of the Allegation
A customer filed a formal complaint alleging that Scott Seltzer recommended unsuitable structured products. The activity in question occurred between:
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September 25, 2020 – November 9, 2021,
while he was employed by J.P. Morgan Securities LLC.
Structured products often involve features such as market-linked returns, principal-at-risk components, and limited liquidity. These characteristics may not be appropriate for conservative or income-focused investors.
Complaint Details
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Complaint filed: August 2023
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Product type: Structured products
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Allegation: Unsuitable investment recommendation
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Reporting firm: J.P. Morgan Securities LLC
Complaint Resolved Through Settlement (May 2024)
Although the complaint was originally marked as pending, it was ultimately settled, not adjudicated.
Settlement Information
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Resolution date: May 14, 2024
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Settlement amount: $34,883.52
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Paid by: The firm (Seltzer did not contribute personally)
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Status: Closed / Settled
A settlement means the matter is resolved financially, but it does not indicate that Scott Seltzer admitted fault. However, the existence of the dispute and the settlement amount are still important factors for investors reviewing broker history.
Why This Matters for Investors
Complaints involving unsuitable investment recommendations, especially those tied to complex products like structured notes, can be significant. When a financial advisor such as Scott Seltzer is associated with a settlement, investors may want to:
Evaluate:
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Whether they were also recommended similar structured products
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Whether risk disclosures were clear and complete
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Whether the investment matched their financial profile
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Whether losses occurred due to aggressive or inappropriate strategies
Understand:
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Unsuitable investment recommendations can lead to preventable losses
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Firms must supervise advisors and ensure products are recommended responsibly
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Investors have the right to challenge investment losses through FINRA arbitration
The case involving Scott Edward Seltzer highlights the importance of reviewing your statements, understanding the risks of complex products, and seeking clarity when you suspect your account may have been mishandled.
Haselkorn & Thibaut’s Investigation Into Scott Seltzer
Haselkorn & Thibaut is analyzing:
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The timeline of Seltzer’s recommendations
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The suitability of products sold to investors
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Whether supervisory systems at J.P. Morgan Securities were adequate
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Whether other investors may have experienced similar issues
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Whether losses may be recoverable through a FINRA arbitration claim
Because structured products are often sold to investors seeking safety or yield, improper recommendations can lead to losses that may qualify for recovery.
Investors Who Worked With Scott Seltzer — What You Should Do
If you purchased structured products or other investments recommended by Scott Seltzer, whether at J.P. Morgan Securities or Wells Fargo, you may be entitled to a free, no-obligation case review.
Reasons to Request a Review:
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Complex products may carry hidden risks
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Settled disputes can indicate patterns worth examining
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Investors are often unaware they may have recovery rights
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Case timelines are limited by FINRA’s statutes of limitations
Haselkorn & Thibaut operates on a No Recovery, No Fee basis, meaning investors pay nothing unless funds are recovered.
Contact Haselkorn & Thibaut – Free Case Review
If you believe you may have suffered losses due to unsuitable investment recommendations or want a second opinion on your investment portfolio:
📞 Call 1-888-885-7162
💼 Haselkorn & Thibaut, P.A. — InvestmentFraudLawyers.com
Our securities attorneys can help determine whether you may have a claim involving Scott Edward Seltzer or any other financial advisor.
