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Alan Kinlund Allegedly Misrepresented Mutual Fund

Alan Kinlund (CRD #: 6137536), a broker registered with Edward Jones, allegedly represented a mutual fund, according to his BrokerCheck record, accessed on December 7, 2022. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On September 19, 2022, an investor alleged Alan Kinlund misrepresented a Invesco High Yield Fund investment purchased on October 20, 2020. The client sought $482,623.17 in damages but the dispute was denied by the firm.

Investors should be aware, however, that firms don’t need to allow an external review before denying a dispute. Investors may be able to recover their losses by seeking out FINRA arbitration following a denial.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deception, manipulation, and other fraudulent methods to influence the purchase and sale of securities. Misrepresenting an investment’s risks, requirements, or other features violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 are also violations of FINRA Rule 2010. 

Background Information

Alan Kinlund has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Alan Kinlund is a registered broker in 18 states and a registered investment adviser in New Mexico and Texas.

Kurta Law Can Help

If you worked with Alan Kinlund 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. 

 

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