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Zamansky LLC Investigates Potential Investment Fraud Claims Against Former Laidlaw Financial Advisor Edward Scott Short

April 18, 2023 Active Cases & Investigations

Our firm is investigating potential investment fraud claims by customers of former Laidlaw & Co. Ltd. (“Laidlaw”) financial advisor Edward Scott Short in Melville, New York.  Mr. Scott’s registration with Laidlaw terminated in October 2022.

In January 2013, Mr. Short agreed to an Acceptance, Waiver and Consent (AWC) with FINRA the Financial Industry Regulatory Authority, which suspended him from association with any brokerage firm for seven months and fined him $5,000.

According to the AWC, from July 2018 and December 2020, Mr. Short recommended a series of trading in an account held by a 70-year-old customer that was excessive, unsuitable, and not in the customer’s best interest. Mr. Short recommended 204 transactions in the customer’s account which generated $116,859 in commissions and resulted in approximately $185,000 in trading losses.  The commissions from the excessive trading imposed a high cost-to-equity ratio meant the customer’s account would have to grow by more than 76 percent annually just to break even. 

Previously, according to his FINRA BrokerCheck report, Mr. Short also was the subject of three previous customer complaints which alleged that he traded the accounts and caused excessive commissions to be charged.

What an Investor Can Do

If you were a customer of Mr. Short’s and you wish to discuss whether you have a case for potential investment fraud, please call investment fraud attorney Jake Zamansky at (212) 742-1414 or email for a free evaluation of your potential legal rights.

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