Andrew Kubicsko Allegedly Recommended Unsuitable Investments

Andrew Kubicsko (CRD #: 861670), a broker registered with Raymond James & Associates, is facing an investor dispute, according to his BrokerCheck record, accessed on August 15, 2023. Details concerning the dispute are provided below. 

On June 26, 2023, an investor alleged that Andrew Kubicsko recommended unsuitable investments. The investor alleged that this activity took place from August 23, 2020, to June 26, 2023. The investor is seeking $400,000 but the firm denied the dispute. Investors should know, however, that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

What is an Unsuitable Investment?

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

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

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

Background Information 

Andrew Kubicsko 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 

He is a registered broker in 21 states and is a registered investment adviser in Wisconsin. 

Andrew Kubicsko has registered with the following firms: 

• Wells Fargo Advisors (CRD #: 19616) 
• A.G. Edwards (CRD #: 4) 
• Gruntal & Co. Incorporated (CRD #: 372) 
• Robert Thomas Securities (CRD #: 10147) 
• Painewebber Incorporated (CRD #: 8174) 
• Drexel Burnham Lambert Incorporated (CRD #: 7323) 
• Oppenheimer & Co. (CRD #: 630) 
• Smith, Barney, Harris Upham & Co. Incorporated (CRD #: 7059) 
• Shearson Loeb Rhoades (CRD #: 7506) 
• Loeb Partners (CRD #: 7534) 

Kurta Law Can Help

If you worked with Andrew Kubicsko 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 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.