Centaurus Advisor Jeff Scott Receives Investor Complaint

A recent investor complaint against Brigham City, Utah financial advisor Jeff Scott (CRD# 2277984) alleges that his advice resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Centaurus Financial, having previously been registered with Cetera Advisors.

Mr. Scott’s BrokerCheck report discloses one investor complaint. Filed in July 2023, it alleges that as a representative of Centaurus Financial, he recommended “a high-risk, speculative and illiquid investment” in government bonds. The pending complaint alleges unspecified damages estimated to be more than $5,000.

In a statement included with the pending complaint’s disclosure, Mr. Scott wrote that he “vehemently” denies any wrongdoing and described the allegations as meritless. He asserted that the investments in question were suitable for the customers, and that his recommendation was “based on the customer’s objectives, goals and financial circumstances and were offered only after their review of all material documentation related to the investment.” He added that the customers confirmed receipt of the “requisite investment documentation/disclosures” and that they understood the products’ risks. “At all times,” he concluded, “I put the customer’s interest first and I will vigorously defend this matter to the fullest extent of the law.”

According to the Financial Industry Regulatory Authority, Jeff Scott holds 30 years of securities industry experience. Based in Brigham City, Utah, he has been a broker and an investment advisor with Centaurus Financial since 2014. His registration history includes Cetera Advisors (2012-2013), Pacific West Securities (Brigham City, Utah; 2004-2012), United Planners’ Financial Services of America (Scottsdale, Arizona; 1998-2004), WMA Securities (Duluth, Georgia; 1994-1998), and Intersecurities (St. Petersburg, Florida; 1992-1994). His credentials include the passage of seven securities industry qualifying exams: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alaska, Idaho, Oregon, Utah, and Wyoming. (Information current as of August 5, 2023.)

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