Bart Cutino Allegedly Recommended an Unsuitable Investment

Bart Cutino (CRD #: 5397147), a previously registered broker with Centaurus Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 21, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 14, 2024, an investor alleged that Bart Cutino recommended an unsuitable, high-risk investment and breached his fiduciary duty. The investor is seeking $230,000.

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.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. He also allegedly violated FINRA Rule 2111. 

Background Information 

Bart Cutino has passed the following exams: 

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

During his 14 years of experience, Bart Cutino has registered with the following firms: 

• Centaurus Financial (CRD #: 30833) 
• JP Turner & Company (CRD #: 43177) 
• QA3 Financial Corp (CRD #: 14754) 

Kurta Law Can Help 

If you have worked with Bart Cutino 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.