Andrew Horowitz Allegedly Recommended an Unsuitable Oil & Gas Investment 

Andrew Horowitz (CRD #: 2917830), a broker registered with Lincoln Financial Advisors Corporation, is the subject of a suitability dispute. This is according to his BrokerCheck record, accessed on July 28, 2023. 

On May 10, 2023, an investor alleged that Andrew Horowitz recommended an unsuitable oil & gas investment. The investor is seeking $50,000 in this pending dispute. 

FINRA Rule 2111 – Suitable Investments 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s risk tolerance. Oil and gas investments are often unsuitable due to their high risk. 

Other common violations of FINRA Rule 2111 include:

• Recommendations of illiquid investments. These investments may incur high fees for early withdrawal. 
• Excessive trading, which violates the need for quantitative suitability. This means that the number of trades must not incur excessive commissions that diminish the possibility of a healthy return. 
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.

Background Information 

Andrew Horowitz 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 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in 19 states and D.C. He is also a registered investment adviser in Maryland and Texas. 

Andrew Horowitz has worked for the following firms: 

• The Lincoln National Life Insurance Company (CRD #: 2580) 
• M&T Securities (CRD #: 17358) 
• MetLife Securities (CRD #: 14251) 
• Metropolitan Life Insurance Company (CRD #: 4095) 

Kurta Law Can Help

If you worked with Andrew Horowitz 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.