Charles Hartley Terminated by B. Riley Wealth Management

Charles Hartley (CRD #: 2658276), a broker registered with Alliance Global Partners, was recently terminated by B. Riley Wealth. This disclosure appears on his BrokerCheck record, accessed on April 11, 2024. Keep reading if you have any questions regarding his alleged conduct. 

Employment Separation After Allegations 

On February 21, 2024, B. Riley Wealth Management fired Charles Hartley following allegations that he failed to communicate with clients in a firm-approved manner and failed to maintain books and records for a period of time. The firm further alleged that he failed to report a customer complaint in a timely manner and submitted incorrect information in compliance questionnaires. 

Investor Allegations

On December 4, 2024, an investor alleged that Charles Hartley took inappropriate risks such as purchasing unsuitable investments, overtrading options, and deviating from the investment plan. The investor is seeking $2.6 million. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk. 

Books and Records

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

Background Information 

Charles Hartley 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 24 General Securities Representative Examination 

He is a registered broker in 14 states and D.C. and is a registered investment adviser in Texas. 

During his 26 years as a broker, Charles Hartley has registered with nine firms. These are the five most recent: 

• Alliance Global Partners (CRD #: 8361) 
• B. Riley Wealth Advisors (CRD #: 115927) 
• B. Riley Wealth Management (CRD #: 2543) 
• Wells Fargo Advisors Financial Network (CRD #: 11025) 
• Raymond James Financial Services Advisors (CRD #: 149018) 

Kurta Law Can Help 

If you have worked with Charles Hartley and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.