Investor Alleges Andrew Laino Made Unsuitable Investment Recommendation

Andrew Laino (CRD #: 4174745), a broker registered with LPL Enterprise, allegedly gave an unsuitable investment recommendation, according to his BrokerCheck record, accessed on August 2, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On April 15, 2025, an investor filed a dispute alleging that Andrew Laino recommended an unsuitable investment. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. It’s still possible to recover damages following a denial and investors may want to pursue FINRA arbitration.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe investor characteristics, such as their age, risk tolerance, tax status, investing experience, and financial goals.

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

Background Information

Andrew Laino has passed the following exams:

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

Andrew Laino is a registered broker in 31 states and the District of Columbia. He is also a registered investment adviser in Florida and Texas.

He has also worked for Pruco Securities (CRD#:5685) and Prudential Financial Planning Services (CRD#:5685).

Kurta Law Can Help

If you worked with Andrew Laino 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.