Chuck Friendlander is Facing a Six-Figure Dispute

Chuck Friedlander (CRD #: 1316999), a broker registered with Wells Fargo Clearing Services, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on March 1, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On November 17, 2023, an investor alleged that Chuck Friedlander recommended an unsuitable investment portfolio that overconcentrated in certain money market funds that allegedly underperformed other benchmarks. The investor is seeking $495,000. 

FINRA Rule 2111 – Unsuitable Overconcentration 

FINRA Rule 2111 prohibits unsuitable investment recommendations. A lack of diversification may increase the portfolio’s exposure to risk because it overconcentrates an investor’s portfolio in the same stock or sector. 

Diversified portfolios expose investors to a broader swath of the market and lessen the chance that an investor will suffer major losses following a drop in share prices for a particular stock or sector. Investors who rely on brokers for recommendations may be able to recover losses following overconcentration by pursuing FINRA arbitration.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate this rule. 

Background Information

Chuck Friedlander 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

He is a registered broker in 39 states and is a registered investment adviser in California and Texas. 

During his 39 years of experience, Chuck Friedlander has registered with five firms: 

• Wells Fargo Clearing Services (CRD #: 19616) 
• CitiGroup Global Markets (CRD #: 7059) 
• Lehman Brothers (CRD #: 7506) 
• E.F. Hutton & Company (CRD #: 235) 
• Dean Witter Reynolds (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Chuck Friedlander 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.