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Derek Taylor Allegedly Misrepresented REITs

Derek Taylor (CRD #: 5214675), a broker registered with The Huntington Investment Company, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 15, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On April 4, 2024, an investor alleged he lost money as a result of Derek Taylor’s recommendation to invest in REITs, which he allegedly misrepresented as having a shorter term. 

What Are REITs?

Real estate investment trusts (REITs) allow investors to pool their funds together in a portfolio of real estate and earn returns without managing the properties themselves. However, the lack of liquidity associated with REITs may make them unsuitable for some investors.

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Derek Taylor has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 65 Uniform Investment Adviser Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in six states and is a registered investment adviser in Ohio and Texas. 

Derek Taylor has registered with the following firms: 

  • The Huntington Investment Company (CRD #: 16986) 
  • Chase Investment Services Corp. (CRD #: 25574) 

Kurta Law Can Help 

If you have worked with Derek Taylor and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.

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