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Investor Alleges Management Did Not Meet Expectations in Dispute with Alexander Winter

Alexander Winter (CRD #: 6140875), a broker registered with PNC Investments, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on February 8, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On October 3, 2022, an investor alleged that Alexander Winter’s recommendations and account management did not match the client’s expectations. The client sought $55,760 in damages but the firm denied the dispute.

However, investors should be aware that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration after a denial and may be able to recoup their losses.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. An investor’s profile contains information about their age, financial goals, and tax status.

Common violations of this rule include:

  • Recommendations of high-risk or illiquid investments. Illiquid investments, in particular, can incur high fees for investors who try to sell them in the short term.
  • Executing an excessive number of trades. Excessive trading can quickly generate high fees and commissions that cut into the client’s returns.
  • Recommendations of unsuitable Investment strategies. For instance, overconcentration in a single stock or sector can expose an investor to an unsuitable amount of risk.

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

Background Information

Alexander Winter has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Alexander Winter is a registered broker in nine states and a registered investment adviser in New Jersey.

He has also worked for the following firms:

  • T3 Trading Group (CRD#:154431)
  • Wells Fargo Advisors (CRD#:19616)
  • Santander Securities (CRD#:41791)

Kurta Law Can Help

If you worked with Alexander Winter 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.