Brian Horn Allegedly Recommended Unsuitable Oil and Gas Investment

Brian Horn (CRD #: 2823904), a broker registered with Lincoln Financial Advisors, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on July 6, 2022. Keep reading if you have questions about Brian Horn’s conduct as a broker.

Investor Dispute

On March 28, 2022, an investor alleged that Brian Horn recommended an oil and gas investment that was unsuitable. This dispute is currently pending.

Energy investments are often unsuitable because they involve a high degree of risk. 

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile includes information about their risk tolerance, investment goals, and age.

• Investments can be unsuitable because they are high risk and likely to lose money. They can also be unsuitable due to a lack of liquidity, which makes them difficult to sell on short notice. Investors may also pay high fees for attempting to cash out.
• Securities can also be quantitatively unsuitable, meaning that a broker executed an excessive number of trades.
• Investment strategies must also meet the requirements for suitability. Over-concentration of securities is often an unsuitable investment strategy due to the high risk associated with it.

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

Background Information

Brian Horn has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Brian Horn is a registered broker in 36 states and the District of Columbia. He is also a registered investment adviser in Maryland and Texas.

He previously worked for the Lincoln National Life Insurance Company (CRD#:2580).

Kurta Law Can Help

If you worked with Brian Horn 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.