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Brooks Andrews Allegedly Failed to Act in Client’s Best Interest

Brooks Andrews (CRD #: 6242774), a broker registered with LPL Financial, was recently the subject of a dispute, according to his BrokerCheck record, accessed on December 7, 2022. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On September 19, 2022, a designated attorney-in-fact alleged that Brooks Andrews made investments on his mother’s behalf that were not in her best interest from December 21, 2021, to September 15, 2022. This dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without an outside review. Investors can still pursue FINRA arbitration following a denial and may be able to recover their losses.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Brooks Andrews 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 6 – Investment Company Products/Variable Contracts Representative Examination

Brooks Andrews is a registered broker in 11 states and a registered investment adviser in North Carolina and Texas.

He has also worked for Edward Jones (CRD#:250) and Wells Fargo Advisors (CRD#:19616).

Kurta Law Can Help

If you worked with Brooks Andrews and you have concerns about your investments, please contact us today at 877-600-0098 or 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.