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Brooke Spicer Allegedly Recommended Unsuitable Managed Account

Brooke Spicer (CRD #: 6579307), a broker registered with Fidelity Brokerage Services, allegedly gave an unsuitable recommendation, according to her BrokerCheck record, accessed on March 14, 2023. Investors may have also worked with her through Fidelity Personal and Workplace Advisors. Read on to learn more about her alleged conduct as a broker.

Investor Dispute

On February 6, 2023, an investor alleged that Brooke Spicer made an unsuitable recommendation of a managed account. The client seeks $230,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an 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 investment will be held)
  • Investing experience
  • Tax status

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

Background Information

Brooke Spicer has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Brooke Spicer is a registered investment adviser in Texas.

She previously worked for Strategic Advisers (CRD#:104555).

Kurta Law Can Help

If you worked with Brooke Spicer 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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