Investor Alleges Christie Collins Failed to Understand His Investment Goals

Christie Collins (CRD #: 6736980), a broker registered with Edward Jones, allegedly purchased unsuitable investments, according to her BrokerCheck record, accessed on July 14, 2022. If you have questions about Christie Collins’s conduct as a broker, keep reading.

Investor Dispute

On April 29, 2022, an investor alleged that Christie Collins failed to understand his investment goals by purchasing Lord Abbett Funds, which were allegedly too high-risk. The client allegedly sought a very conservative investment strategy and wanted an account where he would not experience any losses.

Further, the client alleged that Christie Collins failed to explain certain fees and deposited qualified funds to a non-qualified account. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to permit a third-party review before denying disputes. Investors can potentially recover their funds following a denial by seeking out FINRA arbitration.

FINRA Rules 2111 and 2020

FINRA Rule 2111 requires brokers to consider their investor’s financial goals when making investment recommendations. Brokers must consider an investor’s profile, which contains information such as their age, risk tolerance, and other investments.

Investors who rely on brokers for investment recommendations may be able to recover their losses through FINRA arbitration.

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent tactics to influence investors’ decisions. This includes the omission of information related to investments, such as their requirements, fees, and limitations.

Background Information

Christie Collins has passed the following exams:

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

Christie Collins is a registered broker in 15 states and a registered investment adviser in Iowa.

Kurta Law Can Help

If you worked with Christie Collins 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.