Cathy Bearce Allegedly Recommended Unsuitable Investments

Cathy Bearce (CRD #: 4683252), a previously registered broker with LPL Financial, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on May 28, 2024. Investors may have engaged her services through Fourstar Wealth Advisors or Integrated Financial Partners. 

Investor Allegations

On March 13, 2024, an investor alleged that Cathy Bearce recommended unsuitable oil and gas investments. The investor is seeking 50,000. 

Investors should know that this is the second investor dispute on her record. 

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 

Cathy Bearce has passed the following exams: 

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

During his 19 years of experience, she has registered with four firms: 

• LPL Financial (CRD #: 6413) 
• Lincoln Financial Advisors (CRD #: 3978) 
• Ameriprise Financial Services (CRD #: 6363) 
• IDS Life Insurance Company (CRD #: 6321) 

Kurta Law Can Help 

If you have worked with Cathy Bearce 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.