Scott Michael Bremus, Formerly of LPL Financial, Discharged Following Allegations of Facilitating Private Securities Transactions Without Approval

INVESTORS: Former LPL Financial broker Scott Michael Bremus was discharged following allegations that he facilitated private securities transactions without Firm approval.


Scott Michael Bremus (CRD#: 4073006) was registered as a broker with LPL Financial from 2016 until 2021. Previously, Bremus was registered as a broker with Sterne Agee Financial Services from 2009 until 2016.

Bremus has three disclosures on his BrokerCheck report. One customer dispute filed against Bremus was denied.

October 2021 Employment Separation After Allegations

Firm Name: LPL Financial, LLC

Termination Type: Discharged

Allegations: Facilitated private securities transactions without Firm approval.

June 2009 Customer Dispute

Status: Settled

Allegations: Client’s attorney alleged misrepresentation with respect to variable annuity investment – December 2006. Damages unspecified.

Settlement Amount: $60,000.00

Broker Comment: The alleged misrepresentations in this complaint were based on false material provided to me by Paul D. McGrath CRD # 1053178 who was the Metlife wholesaler who was later terminated for using this unapproved sales material.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Scott Michael Bremus. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.