Andrew Keller Allegedly Recommended Unsuitable Investments

Andrew Keller (CRD #: 4682790), a broker registered with Purshe Kaplan Sterling Investments, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 8, 2024. Details concerning this disclosure are provided below. 

Customer Dispute

On February 26, 2024, an investor alleged that Andrew Keller recommended unsuitable investments, engaged in negligence, and breached his fiduciary duty. The investor is seeking $140,000. 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

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

Background Information 

Andrew Keller has passed the following exams:

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in five states and is a registered investment adviser in Texas. 

During his 20 years of experience, Andrew Keller has registered with four firms: 

• Purshe Kaplan Sterling Investments (CRD #: 35747) 
• Inscription Capital (CRD #: 291780) 
• LPL Financial (CRD #: 6413) 
• Intrua Financial (CRD #: 281554) 

Kurta Law Can Help 

If you have worked with Andrew Keller and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.