Israels & Neuman, PLC Investigates Scott Jason Lee, Formerly of Moloney Securities

COLD SPRING, MINNESOTA – Have you lost money with financial advisor Scott Jason Lee, formerly of Moloney Securities in Cold Spring, Minnesota?  We are looking into allegations made against Scott Lee, who has been the subject of a customer complaint, which was made in 2021.  The customer alleged that Lee sold them an unsuitable private placement, causing damages of $82,000.

Scott Jason Lee was a registered representative of Moloney Securities from April 2016 to April 2019.  He has been with Ausdal Financial Partners from April 2019 to the present.  He has worked at branch offices in Cold Spring, Minnesota.

Brokerage firms like Moloney Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Minnesota.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view BrokerCheck:  Lee, s BrokerCheck 6.11.21

If you lost money with Scott Lee or Moloney Securities, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.