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Andrew Ross Allegedly Recommended Unsuitable Energy Investments

Andrew Ross (CRD #: 5574651), a previously registered broker with LPL Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on May 2, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On February 16, 2024, an investor alleged that Andrew Ross recommended an unsuitable oil and gas investment. Energy investments are often unsuitable due to their high risk. The investor is seeking $75,000. 

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 Ross has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • Series 65 Uniform Investment Adviser Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination

During his 13 years of experience, Andrew Ross has registered with three firms: 

  • LPL Financial (CRD #: 6413) 
  • Lincoln Financial Advisors Corporation (CRD #: 3978) 
  • Davinci Capital Management (CRD #: 46897) 

Kurta Law Can Help 

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

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