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Brian Strom Allegedly Changed Client’s Investment Objectives

Brian Strom (CRD #: 6416949), a broker registered with Edward Jones, allegedly altered a client’s investment objectives, according to his BrokerCheck record, accessed on November 13, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On August 24, 2022, an investor alleged that Brian Strom changed her investment objectives and placed her in a higher-risk portfolio. This dispute was denied by the firm.

Investors should know, however, that firms can deny disputes without an outside review. Investors can still pursue FINRA arbitration following a denial and may be able to recoup their losses.

FINRA Rule 2111

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

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

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

Background Information

Brian Strom has passed the following exams:

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

Brian Strom is a registered broker in 14 states and a registered investment adviser in Oregon and Texas.

Kurta Law Can Help

If you worked with Brian Strom 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. 

 

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