Cain Kobert is the Subject of a Suitability Dispute

50 (CRD #: 2673742), a broker registered with LPL Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on May 24, 2025. Investors may have engaged his services through Rocky Mountain Wealth Management. Keep reading if you have questions concerning his alleged conduct. 

Investor Allegations 

On March 19, 2024, an investor alleged that Cain Kobert recommended an investment that was unsuitable for their investment objectives and risk tolerance. 

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 

Cain Kobert 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 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination

He is a registered broker in 23 states and is a registered investment adviser in Colorado. 

During his 27 years of experience, Cain Kobert has registered with eight firms. These are the four most recent:

• LPL Financial (CRD #: 6413) 
• IHT Wealth Management (CRD #: 171481) 
• Independent Financial Partners (CRD #: 125112) 
• Western Wealth Management (CRD #: 283545) 

Kurta Law Can Help 

If you have worked with Cain Kobert 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.