FINRA

Scot Coy is statutorily disqualified due to FINRA's acceptance, on April 14, 2011, of a Letter of Acceptance, Waiver and Consent which barred him from association with any FINRA member firm in any capacity.

Decision

Denial

On March 15, 2019, the NAC issued Notice Pursuant to Section 19(d), Securities Exchange Act of 1934 finds the Membership Continuance Application (MC-400) submitted on April 13, 2018 by Invicta Capital LLC denied. The NAC found that it is not in the public interest, and would create an unreasonable risk of harm to the market or investors, for Coy to associate with firm. The Application was denied for the following reasons: The seriousness of the misconduct underlying Coy's statutory disqualification, pursuant to which FINRA permanently barred him from the securities industry, supports denying the Application; and the Firm has not demonstrated that it can stringently supervise Coy as a statutorily disqualified individual. If no further action is taken, the decision will become final on April 17, 2019. The denial is in effect pending the Decision's finality; On April 17, 2019, the decision became final.

FINRA

FINRA RULE 2010, NASD RULE 3040: FROM ON OR ABOUT AUGUST 17, 2009 TO ON OR ABOUT FEBRUARY 2, 2010, COY PARTICIPATED IN PRIVATE SECURITIES TRANSACTIONS WITHOUT PROVIDING PRIOR WRITTEN NOTICE TO, OR RECEIVING PRIOR WRITTEN APPROVAL FROM, HIS MEMBER FIRMS. SPECIFICALLY, COY SOLD LIMITED LIABILITY COMPANY INTERESTS TOTALING APPROXIMATELY $5.5 MILLION TO 30 INVESTORS, MANY OF WHOM WERE CUSTOMERS OF HIS FIRMS, IN TWO PRIVATE OFFERINGS. PROCEEDS FROM THOSE SECURITIES OFFERINGS WERE USED TO INVEST IN ENTITIES THAT ACQUIRED AND OPERATED RESIDENTIAL APARTMENT COMPLEXES. COY RECEIVED COMPENSATION OF APPROXIMATELY $327,250 THROUGH THE OFFERINGS.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

4/14/2011

WITHOUT ADMITTING OR DENYING THE FINDINGS, COY CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE HE IS BARRED FROM ASSOCIATION WITH ANY FINRA MEMBER IN ANY CAPACITY.

FINRA STAFF INSISTED ON PERMANENT BAR TO SETTLE THE ALLEGATIONS PRIOR TO CONDUCTING AN INVESTIGATION, DISCOVERY AND HEARING WHICH I COULD NOT AFFORD. ALL INVESTORS WERE ACCREDITED INVESTORS. ALL PROPERTIES EXISTED AT THE TIME OF THE INVESTMENT AND HAD SIGNIFICANT HISTORICAL OPERATING DATA. THERE WERE NO INVESTOR COMPLAINTS AND NO INVESTORS LOST ANY MONEY ON THEIR INVESTMENT. THE TRANSGRESSION WAS A FAILURE TO FILE A FORM WITH THE EMPLOYING FINRA FIRM.

PENNSYLVANIA CONTACT: COUNSEL LARRY VICTUM (412)-565-5083

SCOTT WILLIAM COY EFFECTED CERTAIN TRANSACTIONS IN SECURITIES IN PA WHICH WERE NOT RECORDED ON THE REGULAR BOOKS OR RECORDS OF QUESTAR CAPITAL CORPORATION.

Settled

Civil and Administrative Penalty(ies)/Fine(s)

$10,000.00