Francesco Scarso

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 6, 2017 indicate that former New York-based First Standard Financial Company broker Francesco Scarso has been suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Scarso (CRD# 2679981).

Francesco Scarso has spent eighteen years in the securities industry and was most recently registered with First Standard Financial Company in Staten Island, New York (2015-2016). Previous registrations inlcude PHX Financial in New York, New York; Alexander Capital in New York, New York; Clark Dodge & Company in New York, New York; John Thomas Financial in New York, New York; Meyers Associates in New York, New York; Great Eastern Securities in New York, New York; Salomon Grey Financial in Dallas, Texas; LCP Capital in Staten Island, New York; Republic Equities of America in Red Bank, New Jersey; Shamrock Partners in Media, Pennsylvania; and JW Barclay & Company in Woodbridge, New Jersey. He is currently not registered with any state or firm.

According to his BrokerCheck report, Francesco Scarso has received four regulatory sanctions, three customer complaints, and one pending customer complaint.

In November 2016 FINRA sanctioned him following allegations he failed to respond to a FINRA request for information. He was issued a suspension.

In July 2015 FINRA sanctioned him following allegations he failed to disclose tax liens and a compromise with a creditor on his Form U4. He was issued a 30-day suspension and a fine of $5,000.

In 2015 a customer alleged Francesco Scarso, while employed at Phoenix Financial Services, executed an unauthorized option transaction. The complaint settled in 2016 for $12,500.

In 2014 a customer alleged Francesco Scarso, while employed at Phoenix Financial Services, failed to follow instructions. The complaint settled for $19,100.

In 2009 a customer alleged Francesco Scarso, while employed at John Thomas Financial, failed to follow an instruction. The complaint settled for $1,900.

If you have complaints regarding Francesco Scarso, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.