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Andrew Lofton is the Subject of an Investor Dispute Alleging Misrepresentation

Andrew Lofton (CRD #: 6723209), a broker registered with Cetera Investment Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on December 8, 2023. Keep reading if you have questions about his alleged conduct. 

On September 13, 2023, an investor alleged that Andrew Lofton misrepresented an investment. The investor is seeking $300,000, but the dispute was denied. Investors should note that firms can deny a dispute without any external review. It is still possible to recover losses following a denial, through either mediation or FINRA arbitration.

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. For instance, brokers must always disclose the risks associated with long-term investments, such as early withdrawal fees. 

Background Information 

Andrew Lofton has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 10 General Securities Sales Supervisor – General Module Examination 
  • Series 9 General Securities Sales Supervisor – Options Module Examination 

He is a registered broker and investment adviser in Tennessee. He is also a registered broker in Alabama, California, Colorado, and Ohio. 

During his six years of experience, Andrew Lofton has registered with three firms: 

  • Cetera Investment Services (CRD #: 15340)
  • Cetera Investment Advisers (CRD #: 105644)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)

Kurta Law Can Help 

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