Securities Lawyers Blog
Currently financial advisor Scott Sadar (Sadar), currently employed by brokerage firm Pacific Select Distributors, LLC has been subject to at least 2 disclosable events. These events include 2 customer complaints. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $610,000.00 on December 11, 2023.
Alleged unsuitable recommendation to purchase iCap Equity private placement. iCap Equities filed for bankruptcy on 9/29/2023.