{"id":9956,"date":"2021-05-03T17:25:09","date_gmt":"2021-05-03T21:25:09","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9956"},"modified":"2021-05-03T17:25:09","modified_gmt":"2021-05-03T21:25:09","slug":"finra-bars-broker-scott-reed-following-allegations-of-selling-away","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-scott-reed-following-allegations-of-selling-away\/","title":{"rendered":"FINRA Bars Broker Scott Reed Following Allegations of \u201cSelling Away\u201d"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9957 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/05\/Scott-Reed.jpg\" alt=\"Scott Reed (Scott Wayne Reed CRD# 3007033) is a previously registered broker and investment advisor whose most recent employer was First Financial Equity Corporation (CRD#: 16507). Prior to that, Reed spent four years at Wells Fargo Clearing Services, LLC (CRD#: 19616) in Scottsdale, Arizona. Reed has been in the securities industry since 1999.  FINRA And Arizona Corporation Commission Investigate Scott Reed  After learning of allegations concerning Reed following his termination from Wells Fargo, the Financial Industry Regulatory Authority (FINRA) began an investigation into Reed\u2019s conduct.\u00a0 Among other things, FINRA made the following findings of fact:  Reed solicited individuals to invest in securities issued by a software and web development company based in Pasadena, California; Reed received selling compensation of $191,340 from the company for his role in soliciting and facilitating the investments; and Reed failed to provide Wells Fargo with prior notice or obtain the firm\u2019s advance approval for his participation in these private securities transactions.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/05\/Scott-Reed.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/05\/Scott-Reed-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Scott Reed (Scott Wayne Reed CRD#<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/3007033\" target=\"_blank\"> 3007033<\/a>) is a previously registered broker and investment advisor whose most recent employer was First Financial Equity Corporation (CRD#: 16507). Prior to that, Reed spent four years at Wells Fargo Clearing Services, LLC (CRD#: 19616) in Scottsdale, Arizona. Reed has been in the securities industry since 1999. <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-scott-reed-following-allegations-of-selling-away\/#more-9956\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scott Reed (Scott Wayne Reed CRD# 3007033) is a previously registered broker and investment advisor whose most recent employer was First Financial Equity Corporation (CRD#: 16507). Prior to that, Reed spent four years at Wells Fargo Clearing Services, LLC (CRD#: 19616) in Scottsdale, Arizona. Reed has been in the securities industry since 1999. Continue reading [&hellip;]<\/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-9956","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>FINRA Bars Broker Scott Reed Following Allegations of \u201cSelling Away\u201d<\/title>\n<meta name=\"description\" content=\"Scott Reed is a previously registered broker and investment advisor whose most recent employer was First Financial Equity Corporation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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