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Investor Alleges Brett Straub Recommended Unsuitable Investments

Brett Straub (CRD #: 2118331), a broker registered with Osaic Wealth, is the subject of an investor dispute, according to his BrokerCheck record, accessed on October 21, 2024. Investors may have also engaged his services through The Ameriflex Group. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On August 29, 2024, an investor alleged that Brett Straub gave unsuitable investment recommendations and made misrepresentations with regard to his recommendation of a suspense investment account. The investor seeks $300,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. These profiles have information on an investor’s age, tax status, financial goals, and more.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information

Brett Straub 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

Brett Straub is a registered broker in 20 states and a registered investment adviser in New Jersey and Pennsylvania.

He has also worked for the following firms:

  • SagePoint Financial (CRD#:133763)
  • Principal Securities (CRD#:1137)
  • Signator Investors (CRD#:468)
  • John Hancock Mutual Life Insurance Company (CRD#:5181)
  • Carillon Investments (CRD#:14646)

Kurta Law Can Help

If you worked with Brett Straub 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 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. 

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