Scott Norvell of Brokers International: FINRA Investigation

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Updated on: August 21, 2023

Scott Norvell Investigated by FINRA for Misrepresented Investments and Falsified Client Signatures

National investment loss lawyers KlaymanToskes reports Scott Norvell (CRD# 2196706) of Brokers International Financial Services is being investigated by the Financial Industry Regulatory Authority (“FINRA”) for his alleged misrepresentations regarding investment recommendations, and the falsification of customer signatures on account documents. 

According to FINRA BrokerCheck, Scott Norvell is currently registered as a broker/investment advisor with Brokers International Financial Services in Omaha, NE. Norvell was previously registered with LPL Financial from 2020 to 2022, and with Cetera Advisors from 2006 to 2020.

Investors that suffered losses with Scott Norvell may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. immediately for a free consultation at (888) 997-9956 or lawrence@klaymantoskes.com to discuss your recovery options. We do not collect attorney’s fees unless we obtain a financial recovery for you. 

Scott Norvell of Brokers International: FINRA Investigation 

According to FINRA BrokerCheck, Scott William Norvell has five public disclosures. On July 14th, 2023, FINRA opened an investigation into Norvell’s misconduct and made a preliminary determination to recommend that disciplinary action be brought against him due to alleged violations of FINRA Rules 4511 and 2010 (General Requirements and Standards of Conduct).

FINRA’s investigation found that Norvell negligently misrepresented facts to customers about the death benefits of variable annuity exchanges. Further, Norvell allegedly violated FINRA Rules 2010 and 4511 in that he falsified customer signatures on account documents and caused his member firm’s books and records to be inaccurate. 

A previously filed customer complaint against Norvell alleged that the customer was unaware of the investment she was making. The complaint was later withdrawn. Norvell has two additional customer complaints disclosed which alleged failure to fully disclose investment-related facts. Both complaints also related to variable annuity policies. 

Former and current customers of Scott Norvell that suffered investment losses are encouraged to contact securities attorney Lawrence L. Klayman at (888) 997-9956 or lawrence@klaymantoskes.com for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

What Are Brokers and Financial Advisors Responsible For?

FINRA (Financial Industry Regulatory Authority) is the self-regulatory body responsible for regulating all U.S. brokers and brokerage firms doing business with customers in the United States and/or other countries.

Under FINRA rules, financial advisors and their firms are responsible for providing suitable investment advice and may also be liable for a breach of fiduciary duty in the event of a misrepresentation, omission or unsuitable recommendation resulting in losses suffered by the investor. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making suitable investment recommendations.

Investors that have suffered losses as a result of their advisor’s violations of securities rules may hold their brokerage firm and financial professional liable through a FINRA arbitration claim. Contact KlaymanToskes today at (888) 997-9956 to discuss your potential case and learn more about the arbitration process.

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.


KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.