SCOTT MATTHEW MCDONALD is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 7085 SW CEDAR POINTE DR, WILSONVILLE, OR, 97070-7850.
SCOTT MATTHEW MCDONALD has worked at LPL FINANCIAL LLC since June 20, 2008
Disclosure History
SCOTT MATTHEW MCDONALD has 1 Disclosure Event(s).
Date: October 15, 2002 Category: Customer Dispute Allegations: ATTY FOR CLIENT STATES THAT IN APRIL 2002 CLIENT WAS LOOKING FOR A VEHICLE TO INVEST FUNDS OF THE CUSTOMER TR. STATES THAT IR ASKED THE PURPOSE OF THE TRUST AND THEY TOLD HIM IT WAS NOT FOR INCOME BUT TO PROTECT THE EQUITY AND POSSIBLE GROWTH. ON 4/8/02 $225K WAS INVESTED AND STATED THAT THE 9/02 STATEMENT SHOWED A VALUE OF $179K. WANTS TO KNOW WHY THERE HAVE BEEN SO MUCH IN LOSSES. STATES THE POOR PERFORMANCE WAS DISCUSSED WITH IR AND REALIZE THERE ARE FLUCTUATIONS IN THE MARKET BUT THE LOSS IS UNACCEPTABLE. CLIENT STATES AS A FIDUCIARY ACCOUNT, THE INVESTMENTS SHOULD BE MUCH MORE STABLE. NO SPECIFIC CLAIM.CLAIMED LOSSES IN EXCESS OF $5,000.00. Damage Amount Requested: $5,000.00 Broker Comment: IR STATED THAT HE MET WITH THE TTEE AND DISCUSSED A VARIETY OF INVESTMENTS ALONG WITH THE RISKS ASSOCIATED. CLIENT DECIDED TO GO WITH A DIVIERSIFIED PORTFOLIO, WHICH THEY DID. DECLINE IN VALUE IS RELATED DIRECTLY TO MARKET FLUCUTATION. IR ALSO STATED THAT HE MADE ATTEMPTS TO CONTACT THE TTEE OVER THE PAST SIX MONTHS TO GIVE HER THE OPPORTUNITY TO VOICE ANY CONCERNS OR ASK QUESTIONS REGARDING THE ACCOUNT. HIS CALLS WERE NOT RETURNED SO THE INVESTMENT POSITIONS REMAINED UNCHANGED. IT APPEARS THE ACCOUNT HAS BEEN HANDLED PROPERLY BY IR AND INVESTMENTS WERE SUITABLE.
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