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Alan Dalewitz Subject of a Six-Figure Dispute

Alan Dalewitz (CRD #: 1437051), a broker registered with Herbert J. Sims & Co., is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on February 20, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On December 12, 2023, a Statement of Claim named Alan Dalewitz in a dispute. The dispute alleged that certain investments were not in the best interest of the customer. The investor is seeking $150,000.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. 

Background Information 

Alan Dalewitz has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 79TO Investment Banking Registered Representative Examination 
  • Series 99TO Operations Professional Examination 
  • Series 7 General Securities Representative Examination
  • Series 53 Municipal Securities Principal Examination 
  • Series 27 Financial and Operations Principal Examination 
  • Series 24 General Securities Principal Examination 
  • Series 4 Registered Options Principal Examination 

He is a registered broker in 22 states and is a registered investment adviser in Connecticut and New Jersey. 

Kurta Law Can Help 

If you have worked with Alan Dalewitz and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.