Articles Posted in Scott Reed

**Update:  July 29, 2021**  On July 28, 2021, Iorio Altamirano LLP announced that it is investigating potential claims involving investments in L Bonds offered by GWG Holdings (GWGH).   Upon information and belief, former Wells Fargo broker Scott Reed recommended GWG “L Bonds” to customers.  Customers of Scott Reed can contact Iorio Altamirano LLP for a free and confidential consultation and review of their legal rights.   To read more about Iorio Altamirano LLP’s investigation into GWG “L Bonds,” click on the following link:  Iorio Altamirano LLP Investigates L Bonds offered by GWG Holdings (GWGH)

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Update:  Broker Scott Reed, Formerly of Wells Fargo in Scottsdale, Arizona, Appears to Have a History of Recommending High Risk and High Commission Investments to Customers  

The Financial Industry Regulatory Authority (“FINRA”) has barred broker Scott Wayne Reed from the securities industry over allegations that Mr. Reed, while associated with Wells Fargo, participated in private securities transactions totaling at least $3.5 million without providing prior written notice to his firm.

Mr. Reed was a financial advisor with Wells Fargo Clearing Services (“Wells Fargo”) in Scottsdale, Arizona, from April 2016 until April 2020.  Mr. Reed was permitted to resign after a customer alleged that Mr. Reed recommended and facilitated investment opportunities in investments sold away from and not offered by Wells Fargo.

Wells Fargo appears to have denied any compensation to the complaining customer.

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