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Chandler Altman Allegedly Caused Unexpected Tax Consequences for Investor

Aug 8, 2022 Unsuitable Investments

Chandler Altman (CRD #: 6823927), a broker registered with J.P. Morgan Securities, is the subject of a pending dispute, according to his BrokerCheck record, accessed on July 23, 2022. Read on to learn more about Chandler Altman’s conduct as a broker.

Investor Dispute

On June 16, 2022, an investor alleged that Chandler Altman changed his qualified retirement accounts into non-qualified accounts, resulting in unexpected tax consequences. The client seeks $85,000 in damages in this pending dispute.

FINRA Rule 2111 requires brokers to consider their investor’s individual needs — including their tax situation, age, and retirement status — before recommending investments. 

Conduct that violates FINRA Rule 2111 often also violates FINRA Rule 2010, which requires brokers to uphold high standards of commercial honor.

Background Information

Chandler Altman has passed the following exams:

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

Chandler Altman is a registered broker in seven states and a registered investment adviser in Florida and Texas.

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Chandler Altman 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.