Andrew Kauth Facing Allegations of Unsuitable Investments and Misrepresentation

Andrew Kauth (CRD #: 2496618), a broker registered with UBS Financial Services, is involved in an investor dispute, according to his BrokerCheck record, accessed on February 24, 2022. Details of the dispute are provided below.

On November 30, 2021, an investor alleged that Andrew Kauth did not take into consideration his age and financial situation before he recommended an investment. The investor further alleged that Andrew Kauth did not tell him there was a possibility of a liquidation of 87 cents to a dollar.

Suitable Investments

FINRA Rule 2111 requires that investors take the following factors into account before they recommend an investment:

• Age
• Financial situation and needs
• Tax status
• Investment objectives
• Investment experience
• Risk tolerance

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

Omission and Misrepresentation

The investor also alleged an omission. Brokers are required to tell investors if there is a risk that they might lose money due to liquidation. Failure to disclose this information is a violation of FINRA Rule 2020.

Background Information

Andrew Kauth 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 31 Futures Managed Funds Examination
• Series 7 General Securities Representative Examination

He is a registered broker in 35 states as well as D.C. He is also a registered investment adviser in Colorado and Texas.

Andrew Kauth has worked with the following firms:

• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
• Prudential Securities (CRD #: 7471)
• Vector Securities International (CRD #: 22010)

Kurta Law Can Help

If you have worked with Andrew Kauth and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.