Alan Friedman Allegedly Sold Unsuitable Structured Notes

Alan Friedman (CRD #: 2727672), a broker registered with Equitable Advisors, allegedly sold unsuitable investments, according to his BrokerCheck record, accessed on July 24, 2022. If you have questions about Alan Friedman’s conduct as a broker, read on.

Investor Dispute

A dispute filed on June 10, 2022, alleges that Alan Friedman sold the client unsuitable structured notes in 2021. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to investors’ profiles. These profiles contain information about investors’ risk tolerance, tax status, age, and other characteristics.

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

What are structured products?

Structured products (also called structured notes) are a complex type of security consisting of a bond and a derivative element. The performance of that element—which may be futures, options, or swaps—determines the investor’s returns once the product matures.

This complexity can make structured products difficult to evaluate. If you think your losses are the result of an unsuitable structured product, you can pursue FINRA arbitration and potentially recover your money.

Background Information

Alan Friedman 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 55 – Limited Representative-Equity Trader Exam
• Series 7 – General Securities Representative Examination
• Series 24 – General Securities Principal Examination

Alan Friedman is a registered broker in eight states and a registered investment adviser in Delaware, Georgia, Maryland, New Jersey, and Pennsylvania.

He has also worked for the following firms:

• E*Trade Professional Trading (CRD#:39293)
• Momentum Securities (CRD#:39293)
• Heartland Securities (CRD#:43201)
• Datek Online Brokerage Services (CRD#:5209)

Kurta Law Can Help

If you worked with Alan Friedman 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.