SCOTT ALAN LUCAS is currently employed as a Broker and/or Investment Adviser at PROEQUITIES, INC. located at 947 WORTHINGTON WOODS LOOP ROAD, WORTHINGTON, OH, 43085.
SCOTT ALAN LUCAS has worked at PROEQUITIES, INC. since September 23, 1998
SCOTT ALAN LUCAS has 2 Disclosure Event(s).
Date: January 04, 2016 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE A LACK OF ADEQUATE PRODUCT(S)DUE DILIGENCE, OMISSION AND MISREPRESENTATION IN REGARD TO INHERENT RISKS OF PRODUCT(S) AND A LACK OF SUITABILITY OF PRODUCT(S)AS THE INVESTMENTS MADE DID NOT MATCH THEIR INVESTMENT OBJECTIVES AND RISK TOLERANCE. RECOMMENDATIONS / EVENTS IN QUESTION OCCURRED DURING A TIME PERIOD FROM THE FALL OF 2007 THROUGH SEPTEMBER OF 2008. Damage Amount Requested: $382,800.00 Settlement Amount: $65,000.00 Broker Comment: Without admission or denial of any claim, and in order to avoid the costs associated with prolonged litigation, this matter was settled through private mediation between parties.
Date: April 03, 2012 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT: IN OR ABOUT EARLY 2004 THE RR SUGGESTED THAT THE CUSTOMERS CONSIDER "ALTERNATIVE INVESTMENTS" VIA A PRIVATE INVESTMENT GROUP; IN OR ABOUT JULY 2004, THE CUSTOMERS ALONG WITH THE RR CREATED A PRIVATE INVESTMENT GROUP TO WHICH THEY EACH CONTRIBUTED MONIES; UNDER THE ADVISEMENT OF THE RR THE MONIES CONTRIBUTED BY EACH CUSTOMER INCLUDING THE RR WERE INVESTED IN SEVERAL REAL ESTATE OPPORTUNITIES WHICH SUFFERED SUBSTANTIAL LOSSES. CUSTOMERS ALLEGE THAT THEY HAVE BEEN INJURED DUE TO NEGLIGENCE, BREACH OF CONTRACT, BREACH OF FIDICIARY DUTY, AND VIOLATIONS OF OH SECURITIES ACT. Damage Amount Requested: $300,000.00 Broker Comment: THE ARBITRATION PANEL DETERMINED THAT THERE WAS NO BASIS FOR CLAIMANTS ALLEGATIONS AND THE CLAIM WAS DENIED IN ITS ENTIRETY.
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