Ryan Heath Scott is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 1977 DEWAR DRIVE SUITE H, ROCK SPRINGS, WY, 82901.
Ryan Heath Scott has worked at EDWARD JONES since December 05, 2000
Disclosure History
Ryan Heath Scott has 1 Disclosure Event(s).
Date: October 27, 2008 Category: Customer Dispute Allegations: 9/1/08-10/27/08; THE CLIENT WAS UPSET WITH THE AMOUNT OF MONEY THAT HE RECENTLY LOST IN THE MARKET. HE ALLEGED THAT HE ELECTED TO SELL HIS MUTUAL FUNDS FOR TAX LOSS PURPOSES AND PLACE THE FUNDS IN THE MONEY MARKET ACCOUNT, BUT AFTER A WEEK, HE WAS ENCOURAGED BY THE FA AND AN EDWARD JONES ADVISORY LETTER TO GET BACK INTO THE MARKET. HE DID SO AND LOST A CONSIDERABLE AMOUNT OF MONEY. HE FEELS THAT THE JONES' LONG TERM BUY AND HOLD STRATEGY IS NOT RIGHT FOR THESE VOLATILE FINANCIAL TIMES. Damage Amount Requested: $5,000.00 Broker Comment: THE CLIENT MOVED OUT OF THE MARKET ON 7/14/08 TO LOCK IN A TAX LOSS. ON 3/20/08, THE FA HAD THE CLIENT SIGN A RISK TOLERANCE LETTER INDICATING THAT HIS TOLERANCE WAS A 49 ON A SCALE OF 0-100. BY SIGNING THIS DOCUMENT, HE STATED THAT HE WOULD HOLD HIS FA AND EDWARD JONES HARMLESS FOR ANY LOSSES THAT HE INCURRED AS A RESULT OF HIS ACCOUNT BEING INVESTED MORE AGGRESSIVE THAN HE WAS COMFORTABLE WITH ACCORDING TO THE QUESTIONNAIRE. BASED ON THE CLIENT'S ACTIONS, I FELT HAT HE WAS A SOPHISTICATED INVESTOR WHO WAS WELL AWARE OF THE RISKS ASSOCIATED WITH INVESTING IN THESE MUTUAL FUNDS IN THIS MARKET.
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