Benjamin Fordham Allegedly Recommended Unsuitable Structured Products

Benjamin Fordham (CRD #: 4592437), a broker registered with LPL Financial, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on December 23, 2022. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

On November 7, 2022, multiple investors filed a dispute alleging that Benjamin Fordham made unsuitable recommendations of structured products between February 2015 and November 2022. The clients seek $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile, which contains information about their tax status, age, and investment goals.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

What are structured products?

Structured products are complex investments that combine a bond and a derivative. Investors’ returns are dependent on the performance of the derivative component—examples of which include forwards, options, and swaps. 

The complicated nature of structured products makes them difficult for investors to evaluate.

Denial of Registration by State of Florida

On June 5, 2018, the Florida Office of Financial Regulation issued a Final Order denying Benjamin Fordham’s application for registration after he failed to request a hearing on the matter.

This order followed a Notice of Intent to Deny filed on December 28, 2017, which alleged that Benjamin Fordham made a material misstatement on his application for registration.

Background Information

Benjamin Fordham 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

Benjamin Fordham is a registered broker in Alabama, Connecticut, Georgia, Kentucky, and Tennessee. He is also a registered investment adviser in Tennessee.

He has also worked for the following firms:

• Raymond James Financial Services Advisors (CRD#:149018)
• Raymond James Financial Services (CRD#:6694)
• Fifth Third Securities (CRD#:628)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• RiverSource Distributors (CRD#:139135)
• Ameriprise Financial Services (CRD#:6363)
• SunTrust Investment Services (CRD#:17499)
• New England Securities (CRD#:615)

Kurta Law Can Help

If you worked with Benjamin Fordham 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.