Chris Calabresi Involved in a Pledged Asset Dispute

Chris Calabresi (CRD #: 6554389), a broker registered with Charles Schwab & Co., is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on September 27, 2024. Details concerning this disclosure are provided below. 

Investor Allegations 

On July 26, 2024, an investor alleged that Chris Calabresi recommended a Pledged Asset account that was not in his best interest. The investor sought $1,470,176.37 but the dispute was denied by the firms. Investors should know, however, that firms can deny disputes without any external review. Investors can still recover losses following a denial. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Recommending an account that is not in a client’s best interest violates this rule. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information 

Chris Calabresi 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 

He is a registered broker in 28 states and is a registered investment adviser in Florida. 

During his eight years of experience, Chris Calabresi has registered with six firms: 

• Charles Schwab & Co. (CRD #: 5393) 
• TD Ameritrade Investment Management (CRD #: 111514) 
• TD Ameritrade (CRD #: 7870) 
• Fidelity Personal and Workplace Advisors (CRD #: 288590) 
• Fidelity Brokerage Services (CRD #: 7784) 
• Strategic Advisers (CRD #: 104555) 

Kurta Law Can Help 

If you worked with Chris Calabresi and you 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.