Scott Willard Taubman (CRD #4809824, Phoenix, Arizona)

July 19, 2024 – An AWC was issued in which Taubman was suspended from association with any FINRA member in all capacities for four months. In light of Taubman’s financial status, no monetary sanction has been imposed. Without admitting or denying the findings, Taubman consented to the sanction and to the entry of findings that he borrowed $62,500 from two senior customers, who were close friends, without prior notice to or written approval from his member firm. The findings stated that prior to his association with the firm, Taubman borrowed approximately $38,000 from the friends. Taubman’s firm learned of the loans and conducted an investigation, during which Taubman confirmed that he had received, in total, approximately $100,000 from the friends. The terms of the loans were not documented, and Taubman did not repay the loans. When Taubman filed a Chapter 7 bankruptcy petition, he disclosed the debt as a personal loan, and he obtained a discharge of his indebtedness. In addition, Taubman falsely attested in annual compliance questionnaires that he was in compliance with the firm’s policies and procedures. The suspension is in effect from August 5, 2024, through December 4, 2024. (FINRA Case #2022076257601) If you have suffered losses as a result of Scott Willard Taubman's act and/or actions we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Scott Willard Taubman. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.