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Dennis Thurman Allegedly Recommended Unsuitable Investments

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
January 12, 2023 at 9:54pm

Dennis Thurman (CRD #: 2342398), a broker registered with Arete Wealth Management, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on January 4, 2023. Investors may have also engaged his services through Arete Wealth Advisors. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

On October 21, 2022, an investor alleged that Dennis Thurman made unsuitable investment recommendations in 2019. The client seeks $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information such as investors’ age, risk tolerance, and investment goals.

Investors who rely on brokers for recommendations may recover their losses by seeking seeking out FINRA arbitration.

Tax Lien

On August 7, 2017, Dennis Thurman was subject to a $75,735 tax lien.

Background Information

Dennis Thurman 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

Dennis Thurman is a registered broker in 12 states and a registered investment adviser in nine states.

He has also worked for the following firms:

  • First Allied Advisory Services (CRD#:137888)
  • First Allied Securities (CRD#:32444)
  • First Affiliated Securities (CRD#:23737)

Kurta Law Can Help

If you worked with Dennis Thurman 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. 

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