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Investor Seeks Over $1.3 Million in Dispute with Amy Duncan

Amy Duncan (CRD #: 4193765), a broker registered with Moloney Securities, allegedly acted negligently, according to her BrokerCheck record, accessed on July 10, 2022. If you want to know more about Amy Duncan’s conduct as a broker, read on.

Investor Dispute

In a dispute filed on May 16, 2022, an investor alleged that Amy Duncan violated FINRA  suitability requirements and engaged in negligence from 2015-2021. The client seeks $1,331,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. An investor’s profile includes information about their risk tolerance, financial goals, and age.

  • Investments can be unsuitable because they are high risk and likely to lose money. Illiquid investments can also be unsuitable because they are intended to be held long-term, and investors may incur high fees when they try to cash out early.
  • Overall trading activity can be quantitatively unsuitable, meaning that the number of trades executed was excessive.
  • Investment strategies must also meet the standards of suitability. For instance, over-concentration of securities in a certain stock or sector can be an unsuitable strategy for many investors.

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

What is broker negligence?

Many types of broker misconduct can qualify as negligence. Some common forms of negligence include misrepresenting or omitting facts about investments, giving unsuitable investment recommendations, or even engaging in unauthorized trading. 

Investors who have lost money through broker negligence may be able to recoup their losses by pursuing FINRA arbitration.

Background Information

Amy Duncan has passed the following exams:

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

Amy Duncan is a registered broker in seven states and a registered investment adviser in Colorado and Texas.

She has also worked for the following firms:

  • Moloney Investment Advisory (CRD#:282140)
  • Moloney Securities CRD#:38535)
  • Stifel, Nicolaus & Company (CRD#:793)
  • American Express Financial Advisors (CRD#:6363)
  • IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with Amy Duncan and you have concerns about your investments, please contact us today at 877-600-0098 or 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.