Written by The White Law Group• March 20, 2020• 5:35 pm• Blog, Current Investigations, Securities Fraud Articles

Scott P. Kozak, Financial Advisor Fraud Investigation

Financial Advisor Scott P. Kozak, Cetera Advisors, Highlands Ranch, CO

FINRA Reportedly Suspends Advisor Scott P. Kozak

According to public records on the Financial Industry Regulatory Authority’s website, on March 18, 2020, the regulator reportedly suspended Kozak from associating with any FINRA member firm for two years and fined him $10,000.

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According to the findings, between 2011 and 2014, Kozak allegedly participated in three sets of private securities transactions purportedly without providing prior written notice to his member firm, allegedly ”soliciting twelve firm customers and three Cetera registered representatives to invest $1,166,000 in the securities of two companies.”

Additionally, between January 2016 and March 2017, Kozak purportedly engaged in an outside business activity without notifying his Firm, “by forming a company through which he purchased the assets of, and operated, the company that was the subject of the second and third private securities transactions.”

According to his broker profile, Kozak was reportedly registered with Cetera Advisors in Highlands Ranch, CO from 2001 until 2018 when he was allegedly discharged for “Violating firm policy prohibiting Personal Securities Transactions”. His broker report indicates his Other Business Activities included IGC, LLC and Dominican Home Health Agency. Kozak reportedly has four customer complaints during his career in the securities industry.

Securities Fraud Investigation

The White Law Group is investigating potential securities fraud lawsuits regarding the liability that Kozak’s employers may have for failure to properly supervise him.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. We represent investors in FINRA arbitration claims in all 50 states including Colorado. Our attorneys have recovered millions of dollars from many brokerage firms in the past.