Arthur Randall Allegedly Recommended an Unsuitable Investment

Arthur Randall (CRD #: 1146676), a broker registered with UBS Financial Services, is the subject of allegations that he recommended unsuitable investments. This is according to his BrokerCheck record, accessed on August 30, 2023. 

On June 5, 2023, an investor alleged that Arthur Randall recommended an unsuitable investment that did not suit his risk profile. The dispute was denied, but investors should know that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

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:

• Risk tolerance
• Age
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Previous Investor Dispute

Arthur Randall has another dispute on his record, dated May 27, 2023. The investor alleged that Arthur Randall failed to follow his instructions and sold his shares instead of transferring them to another account. The dispute was settled for $60,433.

Background Information 

Arthur Randall 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 15 Foreign Currency Options Examination 
• Series 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 39 states and is a registered investment adviser in New Jersey, New York, and Texas. 

Arthur Randall has registered with the following firms: 

• UBS Financial Services (CRD #: 8174) 
• E.F. Hutton (CRD #: 235) 

Kurta Law Can Help

If you worked with Arthur Randall and 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.