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Brent Osterhout Allegedly Misrepresented Unsuitable Annuity

Brent Osterhout (CRD #: 6095549), a broker registered with Edward Jones, was involved in a recent dispute, according to his BrokerCheck record, accessed on May 23, 2022. Keep reading if you have questions about Brent Osterhout’s conduct as a broker.

Investor Dispute

On February 23, 2022, an investor alleged that Brent Osterhout recommended an annuity purchase that was not in the client’s best interest and that Brent Osterhout failed to disclose the fees, costs, and the accessibility of the funds. The firm denied this dispute.

However, investors should be aware that firms can deny disputes without a third-party review. Investors can still recoup their losses following a denial by seeking out FINRA arbitration.

FINRA Rules 2111 and 2020

FINRA Rule 2111 requires that brokers tailor their investment recommendations to clients’ profiles. Investors’ profiles contain information such as their risk tolerance, tax status, and overall financial situation.

FINRA Rule 2020 prohibits the use of deception, manipulation, and other unethical tactics to influence the purchase or sale of securities. The misrepresentation or omission of information, such as an investment’s risks, fees, or potential returns, violates this rule.

Investors who believe their losses were the result of unsuitable recommendations or misrepresentation may be able to recover their lost funds through FINRA arbitration.

Background Information

Brent Osterhout has passed the following exams:

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

Brent Osterhout is a registered broker in 22 states and a registered investment adviser in Michigan and Texas.

Kurta Law Can Help

If you worked with Brent Osterhout and you have concerns about your investments, please contact us today at 877-600-0098 or 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.