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David Ward Allegedly Made Unsuitable Investment Recommendation

Oct 31, 2022 Energy Investments

David Ward (CRD #: 2903596), a broker registered with Lincoln Financial Securities, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on October 16, 2022. Investors may have also engaged his services through BCR Financial Services. If you want to know more about his conduct as a broker, keep reading.

Investor Dispute

On July 8, 2022, an investor alleged that David Ward gave an unsuitable recommendation of an oil and gas investment. This dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ financial goals into account when recommending investments. Brokers must consult the investor’s profile, which contains information such as their risk tolerance, age, and overall financial situation.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

David Ward 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

David Ward is a registered broker in 28 states and the District of Columbia. He is also a registered investment adviser in Pennsylvania.

He has also worked for Janney Montgmery Scott (CRD#:463) and Fairchild Financial Group (CRD#:21404).

Kurta Law Can Help

If you worked with David Ward 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.