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  • Report: #1061637

Complaint Review: Scott Karosa

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  • Submitted: Mon, June 24, 2013
  • Updated: Mon, June 24, 2013

  • Reported By: Alcr — Las Vegas Nevada
Scott Karosa
9065 S Pecos Rd., Ste 200 Henderson, Nevada USA

Scott Karosa Tri-Star Management Scott Karosa pays over $100,000 for breach of fiduciary duty; fraud; violations of the anti-fraud provisions of the Securities Act and violations of NASD Regulations! Henderson Nevada

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Scott Karosa pays over $100,000 for breach of fiduciary duty; fraud; violations of the anti-fraud provisions of the Securities Act and violations of NASD Regulations!

NASD (National Association of Securities Dealers) Dispute Resolution Arbitration No. 01-05590

Alton Crusius entrusted Scott Karosa with his money for investing. Mr. Karosa only interest was to make large commissions at the cost of his client. In doing so, Mr. Karosa made several unauthorized purchases. He was charged with breach his fiduciary duty; fraud; violations of the anti-fraud provisions of the Securities Act of 1934; and violations of NASD regulations. Karosa verbally harassed Mr. Crusius and lied about each investment that Mr. Karosa completed without his client’s approval. [continued below]....

..... After considering the evidence presented at the NASD hearing, the full and final resolution was as follows:

  1. Scott Karosa is liable for and  shall pay damages of $100,000.00 to Alton Crusius.
  2. Scott Karosa reimburses SunAmerica  Securities, Inc. the total commissions of $61,233.00.
  3. Mr. Karosa’s Counterclaim against Alton Crusius is dismissed.
  4. Mr. Karosa is liable for monies Due NASD Dispute Resolution $14,850.00

Laila Asmar Folk, Esq. -Public Arbitrator, Presiding Chairperson

 

 


This report was posted on Ripoff Report on 06/24/2013 11:27 AM and is a permanent record located here: http://www.ripoffreport.com/r/Scott-Karosa/Henderson-Nevada-89074/Scott-Karosa-Tri-Star-Management-Scott-Karosa-pays-over-100000-for-breach-of-fiduciary-1061637. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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