Bradley Lakner Allegedly Recommended Unsuitable Investments

Bradley Lakner (CRD #: 4167521), a broker registered with Sunbelt Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 28, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 13, 2024, an investor alleged that Bradley Lakner recommended an improper investment strategy and unsuitable investments. The investor further alleged that the firm did not conduct due diligence on certain products and failed to supervise the broker. 

The investor is seeking $100,000. 

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:

• Excessive trading, which violates the need for quantitative suitability. This means that the number of trades must suit an investor’s goals. Excessive trading is also known as “churning.” 
• 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.

Background Information 

Bradley Lakner has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in six states and is a registered investment adviser in Illinois. 

Bradley Lakner has registered with two firms: Sunbelt Securities (CRD #: 42180) and Edward Jones (CRD #: 250). 

Kurta Law Can Help 

If you have worked with Bradley Lakner 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.