{"id":10157,"date":"2021-09-10T16:03:47","date_gmt":"2021-09-10T20:03:47","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10157"},"modified":"2021-10-12T12:50:36","modified_gmt":"2021-10-12T16:50:36","slug":"investor-arbitration-claims-mount-against-todd-petersen-for-diamond-sales","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/investor-arbitration-claims-mount-against-todd-petersen-for-diamond-sales\/","title":{"rendered":"Investor Arbitration Claims Mount Against Murray Todd Petersen (Todd Petersen) For Diamond Sales"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10158 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/Todd-Petersen.jpg\" alt=\"In 2020 alone, Todd Petersen was the subject of eight investor arbitration claims which relate to the sale of diamonds. Many of these claims have been settled, and Petersen\u2019s employer, SCF Securities, Inc., discharged him, alleging Petersen \u201cmisstated and\/or omitted material facts and circumstances regarding an outside business activity.\u201d Todd Petersen is a former broker and investment adviser who spent 2015-2019 at SCF Securities, Inc. in Roseville, California, and began working in the securities industry in 1984. Customer Disputes Allege Improper Sales Of Diamonds According to Petersen\u2019s BrokerCheck Report, published by the Financial Industry Regulatory Authority, eight investors have filed FINRA arbitration claims involving allegations of \u201cfraud and breach of duty related to the purchase of diamonds Petersen sold . . .\u201d These investors requested damages ranging from $20,000 to $960,000, and several of these claims were settled for amounts ranging from $9,800 to $351,205. One investor\u2019s claim is still pending. The allegations all arise out of the purchase and sale of diamonds and each investor alleges that the diamond sales were part of an \u201coutside business activity.\u201d Brokers are required to disclose the nature of their outside business activities to their employing brokerage firms so that the firms can ensure that they are upholding their legal and regulatory obligations to their clients, including protecting clients from outside frauds and other misconduct committed by the brokers, especially when outside business activities are investment-related. Failure to do so could result in liability for brokerage firms.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/Todd-Petersen.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/Todd-Petersen-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>In 2020 alone, Todd Petersen was the subject of eight investor arbitration claims which relate to the sale of diamonds. Many of these claims have been settled, and Petersen\u2019s employer, SCF Securities, Inc., discharged him, alleging Petersen <em>\u201cmisstated and\/or omitted material facts and circumstances regarding an outside business activity.\u201d<\/em> <a href=\"https:\/\/www.silverlaw.com\/blog\/investor-arbitration-claims-mount-against-todd-petersen-for-diamond-sales\/#more-10157\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2020 alone, Todd Petersen was the subject of eight investor arbitration claims which relate to the sale of diamonds. Many of these claims have been settled, and Petersen\u2019s employer, SCF Securities, Inc., discharged him, alleging Petersen \u201cmisstated and\/or omitted material facts and circumstances regarding an outside business activity.\u201d Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[584,580],"tags":[],"class_list":["post-10157","post","type-post","status-publish","format-standard","hentry","category-selling-away","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Claims Mount Against Todd Petersen For Diamond Sales<\/title>\n<meta name=\"description\" content=\"In 2020 alone, Todd Petersen was the subject of eight investor arbitration claims which relate to the sale of diamonds, many of them settled.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/investor-arbitration-claims-mount-against-todd-petersen-for-diamond-sales\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investor Claims Mount Against Todd Petersen For Diamond Sales\" \/>\n<meta name=\"twitter:description\" content=\"In 2020 alone, Todd Petersen was the subject of eight investor arbitration claims which relate to the sale of diamonds, many of them settled.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/Todd-Petersen.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta 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settled.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/Todd-Petersen.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/investor-arbitration-claims-mount-against-todd-petersen-for-diamond-sales\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/investor-arbitration-claims-mount-against-todd-petersen-for-diamond-sales\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Investor Arbitration Claims Mount Against Murray Todd Petersen (Todd Petersen) For Diamond 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