Alan Ertel Allegedly Violated Reg-BI With Investment Transactions

Alan Ertel (CRD #: 1792720), a broker registered with J.P. Morgan Securities, is involved in an investor dispute, according to his BrokerCheck record, accessed on January 11, 2025. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On December 2, 2024, an investor alleged that Alan Ertel executed investment transactions between February 1, 2022, and September 20, 2023 that were not in her best interest. The client seeks $904,214 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their age, tax status, and investing experience.

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

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.

Background Information

Alan Ertel has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination -Series 63

Alan Ertel 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 New York and Texas.

He has also worked for the following firms:

• Lehman Brothers (CRD#:7506)
• SG Cowen Securities Corporation (CRD#:7616)
• Cowen & Company (CRD#:1541)

Kurta Law Can Help

If you worked with Alan Ertel 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 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.