Brad Playford Allegedly Gave Unsuitable Investment Recommendations

Brad Playford (CRD #: 5501055), a broker registered with Vanguard Marketing Corporation, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on January 31, 2023. Investors may have also engaged his services through Vanguard Advisers. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On November 7, 2022, an investor alleged that Brad Playford’s investment recommendations were unsuitable given their risk tolerance and profile. These recommendations were allegedly made between June 16, 2021, and May 10, 2022. The client seeks $150,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. Brokers must consult the investor’s profile, which contains the following information:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investment will be held)
• Investing experience
• Tax status

Investors who rely on brokers for investment recommendations can seek out FINRA arbitration and potentially recover their losses.

Background Information

Brad Playford 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

Brad Playford is a registered broker in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in North Carolina and Texas.

Kurta Law Can Help

If you worked with Brad Playford 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.