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Investor Alleges Brian Cody Engaged in Fraud and Mismanagement

Jul 25, 2022 Unsuitable Investments

Brian Cody (CRD #: 5006636), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on July 13, 2022. Read on to learn more about Brian Cody’s conduct as a broker.

Investor Dispute

On May 5, 2022, an investor named Brian Cody in allegations involving unsuitable investments, mismanagement, excessive fees, and fraud. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider the information in an investor’s profile when recommending investments. Investors’ profiles describe the following client characteristics:

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

Investors who lose money through unsuitable investment recommendations may be able to recoup their losses by seeking out FINRA arbitration.

Background Information

Brian Cody has passed the following exams:

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

Brian Cody is a registered broker in 31 states, the District of Columbia, and the Virgin Islands. He is also a registered investment adviser in California and Texas.

Kurta Law Can Help

If you worked with Brian Cody 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.