Victim of Financial Fraud? Call Now
Home » Broker Blog » Investors Allege Deborah Anderson Recommended Unsuitable Investments 

Investors Allege Deborah Anderson Recommended Unsuitable Investments 

Deborah Anderson (CRD #: 1795405), a broker formerly registered with LPL Financial, allegedly made unsuitable investment recommendations, according to her BrokerCheck record, accessed on August 26, 2022. Read on if you want to know more about her conduct as a broker.

Investor Dispute

Deborah Anderson has three investor disputes on her record from 2022 alleging she recommended unsuitable, illiquid investments. Investors are collectively seeking approximately $160,000 in these pending disputes. 

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile contains information about their age, risk tolerance, and financial goals.

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

Discharge from LPL Financial

On April 8, 2021, Deborah Anderson was fired from LPL Financial after clients alleged she misrepresented the value of the alternative investments they held.

Background Information

Deborah Anderson has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 22 – Direct Participation Programs Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 24 – General Securities Principal Examination

In the past, she worked for the following firms:

  • LPL Financial (CRD#:6413)
  • Centaurus Financial (CRD#:30833)
  • Associated Securities (CRD#:12969)
  • Christopher Weil & Company (CRD#:22090)
  • Hagerty, Stewart & Associates (CRD#:7717)
  • Great American Securities (CRD#:7504)
  • Kidder, Peabody & Company (CRD#:7613)
  • Royal Alliance Associates (CRD#:23131)
  • Integrated Resources Equity Corporation (CRD#:6403)
  • SME Capital Management Corporation (CRD#:148)

Kurta Law Can Help

If you worked with Deborah Anderson 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. 

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories