Aaron Bell Allegedly Recommended a Speculative Stock

Aaron Bell (CRD #: 5432615), a broker registered with Northwestern Mutual Investment Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 9, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On June 3, 2024, an investor alleged that Aaron Bell recommended a speculative stock. They alleged that their account went from being relatively diversified to highly concentrated in just two speculative stocks that sustained losses. 

The investor is seeking $124,000. 

Unsuitable Overconcentration 

FINRA Rule 2111 prohibits unsuitable investment recommendations. Overoncenrated investments are often unsuitable because they expose the investor to unnecessary risk. Brokers are required to consider their investor’s risk tolerance when they make recommendations. 

Diversified portfolios expose investors to a broader swath of the market and lessen the chance that an investor will suffer major losses following a drop in share prices for a particular stock or sector. Investors who rely on brokers for recommendations may be able to recover losses following overconcentration by pursuing FINRA arbitration.

Background Information 

Aaron Bell has passed the following exams:

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 31 states and is a registered investment adviser in New Jersey. 

During his 15 years of experience, Aaron Bell has registered with three firms:

• Northwestern Mutual Investment Services (CRD #: 2881) 
• CRI Securities (CRD #: 22589) 
• Securian Financial Services (CRD #: 15296) 

Kurta Law Can Help 

If you worked with Aaron Bell and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.