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Brian Hinson Allegedly Recommended an Unsuitable Energy Investment

Brian Hinson (CRD #: 2783737), a previous registered broker with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 2, 2024. Keep reading if you have questions concerning this dispute. 

Investor Allegations 

On February 16, 2024, an investor alleged that Brian Hinson recommended an unsuitable oil and gas investment. Energy investments are often unsuitable due to their high risk. The investor is seeking $200,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Brian Hinson 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 

During his 27 years of experience, he has registered with three firms: 

  • LPL Financial (CRD # 6413) 
  • Lincoln Financial Advisors Corporation (CRD #: 3978) 
  • The Lincoln National Life Insurance Company (CRD #: 3580) 

Kurta Law Can Help 

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

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