Brian Cote is the Subject of an Investor Dispute

Brian Cote (CRD #: 4218494), a broker registered with GPWA, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 1, 2024. Keep reading if you have questions regarding his conduct. 

Investor Disputes 

According to allegations filed on December 19, 2023, an investor alleged that Brian Cote failed to supervise the sale of an alternative investment by a representative under his direct supervision. The investor is seeking $50,000. 

On November 20, 2023, an investor alleged that Brian Cote sold them an alternative investment that was unsuitable. The investor is seeking $150,000. 

Alternative investments are often too high-risk for investors. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Failure to Supervise 3110

FINRA Rule 3110 requires that firms establish systems of supervision to maintain their compliance with securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs).

Background Information 

Brian Cote 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 14 Compliance Officer Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in eleven states and is a registered investment adviser in Georgia and Tennessee. 

During his 23 years of experience, Brian Cote has registered with six firms. These are the three most recent: 

• GPWA, LLC (CRD #: 170171) 
• Gramercy Park Wealth Advisors (CRD # 166875) 
• Triad Advisors (CRD #: 25803) 
• Smith WB Financial Group (CRD #: 107543) 

Kurta Law Can Help 

If you have worked with Brian Cote and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.