Scott David Coonrod, Bend OR, Former FSC Securities Corporation Broker: What Investors Need to Know
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Haselkorn & Thibaut, a national investment fraud law firm with a 98% success rate and over five decades of experience, has opened an investigation into Scott David Coonrod—a former financial advisor in Bend, Oregon, most recently associated with FSC Securities Corporation. If you invested with Mr. Coonrod, or have concerns about his guidance, this detailed research report outlines his career background, complaint history, patterns of red flags, and important steps you can take as an investor.
Scott D. Coonrod: Professional Background
To help you quickly assess Scott Coonrod’s credentials and history, see the summary below:
| Field | Value |
|---|---|
| Name of Advisor | Scott David Coonrod |
| Advisor’s CRD | 4311374 |
| Most Recent Broker-Dealer | FSC Securities Corporation (Bend, OR) |
- Most recent registration: FSC Securities Corporation (10/2017–12/2022), Bend, OR.
- Previously with: Morgan Stanley (2009–2017), Morgan Stanley & Co. Incorporated, Morgan Stanley DW Inc., Citigroup Global Markets Inc. (2001–2007).
- Has passed: SIE, Series 7, 31, 63, 65 exams.
- Current status: Not registered with any FINRA-member firm.
Regulatory and Complaint History: What Do Records Show?
Public records—such as FINRA BrokerCheck, the SEC, and state regulatory reports—are critical for understanding an advisor’s professional conduct. As of June 2024:
- FINRA BrokerCheck shows NO public disclosures for Mr. Coonrod up to this point. This includes regulatory investigations, formal complaints, court cases, or criminal/civil judgments.
- No orders, charges, or investigations under Scott D. Coonrod’s name are recorded among the SEC or states such as Oregon and California.
- Media and online legal news have not reported significant class-action cases, consumer alerts, or posts highlighting major client harm tied to Scott Coonrod.
You can verify these official records by visiting FINRA BrokerCheck and searching for Scott David Coonrod (CRD 4311374).
Detailed History of Customer Complaints & Disputes
While public databases may be clear, it is important to be aware of investor claims and arbitration filings involving Scott D. Coonrod. Below is a list of reported disputes.
-
Pending FINRA Arbitration (No. 23-01019): Filed in April 2023, this claim involves the daughters of a deceased client. The allegation: overly aggressive discretionary trading inconsistent with the client’s needs and objectives during his time at FSC Securities Corporation.
Damages sought: $1,228,822. The matter is currently unresolved. -
Settled Customer Dispute (FINRA No. 10-04710):
Allegation: Over-concentration of unsuitable equities in an IRA portfolio at Morgan Stanley & Co.
Filed: October 2010.
Settlement: $50,000 payout in February 2011. -
Settled Customer Dispute (FINRA No. 09-06743):
Allegation: Unsuitable investments and failure to follow customer sell instructions (including variable annuity and listed equities) at Morgan Stanley & Co., Inc.
Filed: November 2009.
Settlement: $140,000 paid in December 2010.
Outstanding Tax Liens Disclosed
Disclosure documents list two significant outstanding tax liens tied to Scott Coonrod:
- IRS Lien: $112,631
- Oregon Department of Revenue Lien: $16,478
Potential Red Flags for Investors
Investors should carefully weigh several issues highlighted in public disclosures and claim records:
- Unsuitability Allegations: Claims that investments or strategies did not align with clients’ risk tolerance or financial goals, possibly implicating FINRA’s Suitability Rule 2111.
- Potential Breach of Best-Interest Obligations: Arbitrators may review whether the advisor’s recommendations favored his interests over those of clients, under SEC Regulation Best Interest.
- Over-concentration Concerns: More than one customer complaint has involved placing excessive portions of client portfolios in particular stocks or asset types.
- Discretionary Trading Allegations: The pending arbitration includes concerns over discretionary account trading that allegedly did not reflect the client’s objectives.
What Should Investors Do Next?
If Scott D. Coonrod of Bend, Oregon or FSC Securities Corporation managed your investments and you have concerns over:
- Portfolio losses or unexplained account activity
- Over-concentration in a particular stock, ETF, or asset class
- Unclear or aggressive investment strategies
- Failure to follow client instructions, or suspected misrepresentation
You may have legal rights to recover your losses through FINRA arbitration.
Haselkorn & Thibaut is here to help. With offices nationwide, our experienced team advocates for investors harmed by broker or advisor misconduct. There is no fee unless you recover funds. Each case receives a confidential, no-obligation review.
Get a Free, Confidential Consultation
Investors deserve answers and peace of mind. If you have questions about Scott David Coonrod, or believe you suffered investment losses due to his actions or advice, contact Haselkorn & Thibaut today for a free consultation.
Call our national investor recovery line at 1-888-994-8066 or visit investmentfraudlawyers.com.
There is never a fee to discuss your situation. If you have a case, you pay no legal fees unless we win recovery for you.
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