Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Royal (Royal), currently associated with Northwestern Mutual Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Royal recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $6,000,000.00 on June 22, 2021.
Customers alleging the representative provided them with unsuitable investment advice, that the representative breached his fiduciary duty and contract, that the funds held in the variable life insurance policies were not as they requested and, that the representative failed to follow instructions. The representative denies these allegations.