Investor Alleges Earl Winthrop Violated Regulation Best Interest

Earl Winthrop (CRD #: 1257625), a broker formerly registered with LPL Financial, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on January 10, 2024. Keep reading to learn more about his alleged conduct as a broker.
Investor Dispute
On December 4, 2024, an investor alleged that Earl Winthrop recommended unsuitable investments and violated Regulation Best Interest. This dispute is currently pending.
FINRA Rule 2111
FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile, which describes their risk tolerance, age, tax status, and other characteristics.
Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.
Regulation Best Interest
Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.
Background Information
Earl Winthrop has passed the following exams:
- Investment Company Products/Variable Contracts Principal Examination – Series 26
- Securities Industry Essentials Examination – SIE
- Corporate Securities Limited Representative Examination – Series 62
- Investment Company Products/Variable Contracts Representative Examination – Series 6
- Direct Participation Programs Representative Examination – Series 22
- Uniform Investment Adviser Law Examination – Series 65
- Uniform Securities Agent State Law Examination – Series 63
He previously worked for the following firms:
- LPL Financial (CRD#:6413)
- Canton Securities (CRD#:24680)
- Linsco/Private Ledger Corporation (CRD#:6413)
- Linsco Financial Group (CRD#:524)
- Integrated Resources Equity Corporation (CRD#:6403)
Kurta Law Can Help
If you worked with Earl Winthrop 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.