Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on October 24, 2017 indicate that Washington-based Merrill Lynch broker/adviser Phil Scott, also known as Walter Schlaepfer, has received customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Scott (CRD# 1306585).
Phil Scott has spent 33 years in the securities industry and has been registered with Merrill Lynch in Bellevue, Washington since 1984. He has no previous registrations. he has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 31 (Futures Managed Funds Examination); Series 3 (National Commodity Futures Examination); Series 7 (General Securities Representative Examination); and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]). He is a registered broker and investment adviser with 51 US states and territories.
According to his BrokerCheck report, he has received five customer complaints.
In 2016 a customer alleged Phil Scott, while employed at Merrill Lynch, breached contract, misrepresented and omitted material facts related to unsuitable investment recommendations. The complaint settled in 2017 for $125,000.
In 2012 a customer alleged Phil Scott, while employed at Merrill Lynch, made unsuitable investment recommendations and misrepresented material facts. The complaint settled for $337,500.
In 2011 a customer alleged Phil Scott, while employed at Merrill Lynch, breached his fiduciary duty, recommended unsuitable products, violated the Washington State Securities Act, breached contract, violated the Washington Consumer Protection Act, and acted negligently. The complaint resulted in an award to the customer of $1,100,000.
In 2010 a customer alleged he, while employed at Merrill Lynch, violated state securities laws, misrepresented and omitted material facts, acted negligently, breached contract, and breached his fiduciary duty. The complaint resulted in an award to the customer of more than $872,700.
In 2009 a customer alleged he, while employed at Merrill Lynch, breached contract, committed common law fraud, acted negligently, and breached his fiduciary duty. The complaint resulted in an award to the customer of $880,000.
If you or someone you know has lost money investing with Phil Scott, also known as Walter Schlaepfer, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. 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.