Joshua Green Allegedly Overconcentrated Client in Structured Notes

Joshua Green (CRD #: 4970616), a broker registered with Cetera Investment Services, allegedly over-concentrated a client in unsuitable investments, according to his BrokerCheck record, accessed on September 5, 2022. Investors may have also worked with him through Cetera Investment Advisers. Read on if you have questions about his conduct as a broker.

Investor Disputes

On June 14, 2022, an investor alleged that Joshua Green over-concentrated them in unsuitable structured notes, resulting in losses. This dispute is pending.

On March 22, 2022, an investor alleged that Joshua Green misrepresented an income note. This dispute was denied by the firm.

However, investors should know that firms don’t need to allow an outside review before denying a dispute. Investors can seek out FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles describe an investor’s age, tax status, investment goals, and risk tolerance.

Brokers must also take care to recommend suitable investment strategies. Overconcentration can be an unsuitable strategy for some investors due to the level of risk involved.

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

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent methods to influence investors’ decisions. Misrepresenting information related to investments, such as their risks, requirements, or other features violates this rule.

What are structured notes?

Structured notes, also called structured products, combine a bond with a derivative–such swaps, futures, or options–and pay investors based on the performance of those derivatives.

The complexity and risks associated with structured notes can make them unsuitable for many investors.

Background Information

Joshua Green has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Joshua Green is a registered broker in eight states and a registered investment adviser in Florida.

He has also worked for the following firms:

• BB&T Investment Services (CRD#:33856)
• SunTrust Investment Services (CRD#:17499)
• Wells Fargo Advisors (CRD#:19616)
• Fifth Third Securities (CRD#:628)
• WaMu Investments (CRD#:599)
• Intersecurities (CRD#:16164)

Kurta Law Can Help

If you worked with Joshua Green 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.