Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Madura (Madura), currently associated with Quincy Wells Capital, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Madura recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $100,000.00 on May 20, 2026.
Claimants allege unsuitable and negligent alternative investment recommendation by Respondent Great Point Capital, acting through its registered representative Scott W. Madura. The alternative investment was purchased on August 5th, 2024. The allegations include a failure to conduct due diligence, unsuitable recommendations, deceptive business practices act, breach of contract, common law fraud, breach of fiduciary duty, violation of Michigan Uniform Securities Act/Michigan Consumer Protection Act, negligence and gross negligence.