Derrick Brauner Involved in Dispute Alleging Negligence

Derrick Brauner (CRD #: 6082847), a broker registered with Moloney Securities Company, is the subject of an investor dispute, according to his BrokerCheck record, accessed on October 31, 2024. Investors may have also engaged his services through Moloney Securities Asset Management. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On August 20, 2024, an investor named Derrick Brauner in a dispute alleging negligence and violation of the suitability rule from 2018-2020. The investor seeks $54,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Excessive trading, also called “churning,” which violates the need for quantitative suitability. This means that the number of trades must suit an investor’s goals.
• Recommendations of unsuitable investment strategies. For example, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments can lead to losses or come with high fees for the investor.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

What is Broker Negligence?

Many types of broker misconduct may qualify as negligence. Common examples include failure to follow instructions, recommendations of unsuitable investments, and misrepresentations or omissions of material fact.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information

Derrick Brauner has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Derrick Brauner is a registered broker in 14 states and a registered investment adviser in Missouri.

He has also worked for Smith Moore & Company (CRD#:3441).

Kurta Law Can Help

If you worked with Derrick Brauner 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 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.