Bentley Beard Allegedly Recommended an Unsuitable Investment

Bentley Beard (CRD #: 2024985), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 11, 2024. Investors may have engaged his services through Discovery Partners Investment Center. 

Investor Allegations

On May 2, 2024, an investor alleged Bentley Beard recommended an unsuitable investment in light of the investor’s objectives and risk tolerance. 

Unsuitable Investments

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Backyard Information 

Bentley Beard has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination  
• Series 51 Municipal Fund Securities Principal Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 26 states and is a registered investment adviser in Tennessee and Texas. 

During his 33 years of experience, Bentley Beard has registered with two firms: LPL Financial (CRD #: 6413) and Edward Jones (CRD #: 250). 

Kurta Law Can Help 

If you have worked with Bentley Beard 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.