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Brett Rutherford Named in Dispute Involving Unsuitable GWG Holdings Investments

Sep 14, 2022 Unsuitable Investments

Brett Rutherford (CRD #: 4001310), a broker registered with Capital Investment Group, is the subject of a pending dispute, according to his BrokerCheck record, accessed on August 26, 2022. If you want to know more about his conduct as a broker, read on.

Investor Dispute

On July 21, 2022, an investor alleged that Brett Rutherford facilitated the purchase of two unsuitable investments in GWG Holdings in September 2019 and July 2020. The client seeks $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider whether an investment fits their investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their age, risk tolerance, and other investments.

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

Background Information

Brett Rutherford has passed the following exams:

  • 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
  • Series 24 – General Securities Principal Examination

Brett Rutherford is a registered broker in 11 states.

He has also worked for the following firms:

  • Cape Fear Securities (CRD#:156359)
  • Summit Brokerage Services(CRD#:34643)
  • Raymond James Financial Services (CRD#:6694)
  • Wachovia Securities (CRD#:19616)
  • Wachovia Securities (CRD#:431)
  • BB&T Investment Services (CRD#:33856)
  • Pruco Securities (CRD#:5685)

Kurta Law Can Help

If you worked with Brett Rutherford 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.