Investor Alleges Airinhos Serrados Moved Funds Without Authorization

Airinhos Serrados (CRD #: 2189985), a broker registered with Lincoln Financial Advisors, allegedly moved a client’s funds without authorization, according to his BrokerCheck record, accessed on September 2, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On June 22, 2022, an investor alleged that Airinhos Serrados moved funds into a money market annuity sub-account without authorization and executed an unsuitable investment strategy within the client’s two variable annuities. This dispute is pending.

FINRA Rule 3260

FINRA Rule 3260 restricts brokers from exercising their discretion outside discretionary accounts. These accounts must be authorized for discretionary trading by both the client and the firm.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment or investment strategy suits their client’s financial goals. Brokers must consider their client’s tax status, age, and other information described in an investor’s profile.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Airinhos Serrados has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Airinhos Serrados is a registered broker in six states and a registered investment adviser in New York.

He has also worked for the following firms:

• MetLife Securities (CRD#:14251)
• Securities America (CRD#:10205)
• Royal Alliance Associates (CRD#:23131)
• D. H. Blair & Company (CRD#:6833)

Kurta Law Can Help

If you worked with Airinhos Serrados and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.