Anthony Brookfield Embroiled in a $7 Million Unsuitability Dispute

Anthony Brookfield (CRD #:2207841), a broker and investment advisor registered with  UBS Financial Services, is involved in an unsuitability dispute, according to his BrokerCheck record accessed on March 12, 2022. 

On November 15, 2021, Anthony Brookfield was involved in an investor dispute alleging unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. The investor is seeking $7,000,000一the case is still pending.

Brokers who recommend a security or investment are subject to FINRA rules and regulations. These include:

• FINRA Rule 2111 requires registered brokers to have a “reasonable basis” to believe that a recommended transaction or investment strategy suits their client’s needs.
• FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing individuals into buying securities with false statements about their potential benefits. 
• Anthony Brookfield’s alleged unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor.

Background Information

Anthony Brookfield 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 3 – National Commodity Futures Examination
• Series 7 – General Securities Representative Examination

Anthony Brookfield is a registered broker in 11 states. He is also a registered investment advisor in Texas, Utah and California.

Besides UBS Financial Services, Anthony Brookfield has also worked with the following firms:

• Credit Suisse Securities (USA) (CRD#:816)
• Banc Of America Investment Services (CRD#:16361)
• Wells Fargo Investments (CRD#:10582)
• Wells Fargo Securities (CRD#:17438)
• Lehman Brothers (CRD#:7506)
• Prime Charter Ltd (CRD#:25668)
• Lehman Brothers (CRD#:7506)

Kurta Law Can Help

If you have worked with Anthony Brookfield and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or 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 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. Please reach out if you have any questions about what steps to take next to recover your investment losses.