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Adam Gurien Allegedly Failed to Act in Investor’s Best Interest

Jun 21, 2022 Unsuitable Investments

Adam Gurien (CRD #: 2302341), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on June 13, 2022. If you have questions about Adam Gurien’s conduct as a broker, keep reading.

Investor Disputes

In a dispute filed on April 22, 2022, an investor alleged that Adam Gurien failed to act in his best interest by placing funds in speculative investments. This dispute was denied by the firm. 

However, investors should know that firms don’t need to allow an external review before they deny disputes. Investors may be able to recover their losses after a denial by seeking out FINRA arbitration.

On October 28, 2015, an investor alleged that Adam Gurien gave them unsuitable investment recommendations from June to September 2015. This dispute was also denied by the firm. 

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate the suitability of the investments they recommend with regard to their investor’s financial goals. Brokers must use the characteristics described in investors’ profiles, such as their age, financial situation, and risk tolerance, when making investment recommendations.

Investors who believe their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Adam Gurien has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination
  • Series 4 – Registered Options Principal Examination
  • Series 53 – Municipal Securities Principal Examination
  • Series 24 – General Securities Principal Examination

Adam Gurien is a registered broker in all 50 states, as well as the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in Florida, New Jersey, and Texas.

He has also worked for the following firms:

  • Wells Fargo Advisors (CRD#:19616)
  • Zachary Jackson Securities (CRD#:38553)
  • Prudential Securities (CRD#:7471)
  • Smith Barney (CRD#:7059)
  • Lehman Brothers (CRD#:7506)

Kurta Law Can Help

If you worked with Adam Gurien and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.