Investors Allege Austin Zoellner Recommended Unsuitable Investment Product

Austin Zoellner (CRD #: 5912399), a broker registered with Fidelity Brokerage Services, is the subject of a pending dispute, according to his BrokerCheck record, accessed on May 18, 2023. Investors may have also engaged his services through Fidelity Personal and Workplace Advisors. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On March 30, 2023, multiple investors filed a dispute alleging that Austin Zoellner recommended an unsuitable investment product. They seek $50,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the information contained in an investor’s profile, such as their tax status, age, and risk tolerance.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Austin Zoellner 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 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Austin Zoellner is a registered broker in 35 states and the District of Columbia. He is also a registered investment adviser in Florida and Texas.

He has also worked for Strategic Advisers (CRD#:104555) and First Investors Corporation (CRD#:305).

Kurta Law Can Help

If you worked with Austin Zoellner 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.