Investor Alleges Christopher Magee Made Unsuitable Investment Recommendations

Christopher Magee (CRD #: 5598843), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on November 30, 2022. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

On October 2, 2022, an investor alleged that Christopher Magee made misrepresentations and unsuitable investment recommendations from November 2021 through October 2022. This dispute was denied by the firm.

However, investors should be aware that firms don’t need to permit an outside review before denying a dispute. Investors may be able to recover their losses by seeking out FINRA arbitration following a denial.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deception, manipulation, and other unethical methods to influence the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s requirements, risks, or limitations.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must consider the information contained in an investor’s profile, such as their risk tolerance, tax status, and other investments.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

Christopher Magee has passed the following exams:

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

Christopher Magee is a registered broker in 15 states and a registered investment adviser in Texas.

He has also worked for UBS Financial Services (CRD#:8174) and Wells Fargo Investments (CRD#:10582).

Kurta Law Can Help

If you worked with Christopher Magee 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.