Donald Aulbert Allegedly Recommended Unsuitable Alternative Investments

Donald Aulbert (CRD #: 4119911), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 22, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 19, 2024, an investor alleged that Donald Aulbert recommended unsuitable alternative investments and that the account value had declined over the past few years. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

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

Background Information 

Donald Aulbert 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 

He is a registered broker in 20 states and is a registered investment adviser in Missouri. 

During his 24 years of experience, Donald Aubert has registered with four firms: 

• LPL Financial (CRD #: 6413) 
• Cornerstone Wealth Management (CRD #: 164666) 
• Wells Fargo Advisors (CRD #: 19616) 
• Edward Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Donald Aubert 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.