FINRA Securities Fraud Arbitration Lawyer, Russell L. Forkey, Esq.

June, 2011:

Scott William Coy (CRD #2441990, Registered Representative, Irwin, Pennsylvania, formerly licensed with Centaurus Financial, Inc. and Questar Capital Corporation) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Coy consented to the described sanction and to the entry of findings that he participated in private securities transactions without prior written notice to, or prior written approval from, his member firms. The findings stated that Coy sold limited liability company interests totaling approximately $5.5 million to investors, many of whom were customers of his firms, in private offerings. The findings stated that proceeds from those securities offerings were used to invest in entities that acquired and operated residential apartment complexes, and Coy received compensation of approximately $327,250 through the offerings. (FINRA Case #2009020923301)