Alison Hamilton is the Subject of a Mutual Fund Dispute
Alison Hamilton (CRD #: 6398834), a broker registered with Raymond James Financial Services, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on July 18, 2024. Details concerning this dispute are provided below.
Investor Allegations
On June 5, 2024, an executrix of a deceased client’s estate alleged concerns over alleged mutual fund share classes in a client’s account, including missed breakpoint discounts. The executrix further alleged that she charged excessive commissions and fees and raised concerns regarding the suitability of a non-qualified annuity.
The investor is seeking $251,901.
What is a Mutual Fund?
A mutual fund is a portfolio of investments that allows investors to pool their wealth. They can be passively or actively managed. Brokers may earn a large commission from these funds, making them frequent objects of fraudulent trading practices.
Investors should also note that brokers are required to notify their investors if they are entitled to breakpoint discounts when they purchase shares of a mutual fund. Failure to do so could be grounds for an investor dispute and FINRA arbitration.
FINRA Rule 2111 – Unsuitable Investments
FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable.
Background Information
Alison Hamilton has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 4 Registered Options Principal Examination
- Series 24 General Securities Representative Examination
He is a registered broker in 31 states and D.C. He is a registered investment adviser in South Carolina and Texas.
Kurta Law Can Help
If you have worked with Alison Hamilton and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com 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.