Investors Allege Ann Werts Recommended Unsuitable Investments

Ann Werts (CRD #: 5057784), a broker registered with Madison Avenue Securities, allegedly gave unsuitable investment recommendations, according to her BrokerCheck record, accessed on February 13, 2013. Investors may have also engaged her services through AE Wealth Management. Keep reading if you have questions about her conduct as a broker.

Investor Disputes

On November 17, 2022, an investor alleged Ann Werts violated Regulation Best Interest with the recommendation to buy GWG L Bonds. The investor is seeking $836,000 in this pending dispute. 

On November 8, 2022, an investor alleged that Ann Werts misrepresented GWG L Bonds. They further alleged that the recommendations were unsuitable. 

In a dispute filed on September 16, 2022, an investor alleged that Ann Werts recommended an unsuitable investment and failed to conduct due diligence on new offerings. The client seeks $250,000 in this pending dispute.

On July 1, 2022, an investor alleged that Ann Werts recommended unsuitable annuities and bonds. The client seeks $295,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes the client’s age, investment goals, risk tolerance 0and other information. Risky investments may violate FINRA Rule 2111.

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

Background Information

Ann Werts has passed the following exams:

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

Ann Werts is a registered broker in 31 states and the District of Columbia. She is also a registered investment adviser in Colorado, Hawaii, and Texas.

She has also worked for the following firms:

• CL Wealth Management (CRD#:134922)
• Cabot Lodge Securities (CRD#:159712)
• Allied Beacon Partners (CRD#:46227)
• Titan Securities (CRD#:131392)
• Community Bankers Securities (CRD#:42794)
• Securities America ADVISORS, INC. (CRD#:110518)
• Securities America (CRD#:10205)
• CBS Advisors (CRD#:134922)
• Community Bankers Securities (CRD#:42794)
• Linsco/Private Ledger Corporation (CRD#:6413)

Kurta Law Can Help

If you worked with Ann Werts 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 and 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.