Charlotte McConnell Facing a REIT Dispute

Charlotte McConnell (CRD #: 1161160), a broker registered with Raymond James Financial Services, is the subject of a six-figure investor dispute. This disclosure appears on her BrokerCheck record, accessed on December 19, 2023. Details concerning this dispute are provided below. 

On November 13, 2023, investors alleged that Charlotte McConnell recommended unsuitable investments. The Broker Comment section of the dispute identified the investment as a REIT. The investors are seeking $300,000. 

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 

Charlotte McConnell has passed the following exams: 

• Series 66 Uniform Combined State 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 Principal Examination 

He is a registered broker in 13 states and is a registered investment adviser in Colorado. 

During her 27 years of experience, she has registered with 10 firms: 

• Raymond James Financial Services (CRD #: 6694) 
• Raymond James Financial Services Advisors (CRD #: 149018) 
• Cetera Investment Advisers (CRD #: 105644) 
• Cetera Investment Services (CRD #: 15340) 
• The O.N. Equity Sales Company (CRD #: 2936) 
• REA Capital Management (CRD #: 127485) 
• John G. Kinnard and Company (CRD #: 466) 
• Summitview Capital (CRD #: 29706) 
• Kemper Securities Group (CRD #: 19616) 
• Boettcher & Company (CRD #: 101) 

Kurta Law Can Help 

If you have worked with Charlotte McConnell 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.