Investor Alleges Edward Kohlhepp Recommended Illiquid Investments

Edward Kohlhepp (CRD #: 273292), a broker registered with Cambridge Investment Research, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on October 2, 2022. Investors may have also worked with him through Kohlhepp Investment Advisors. Keep reading if you have questions about his conduct as a broker.

Investor Dispute

On July 27, 2022, an investor alleged that Edward Kohlhepp recommended investments in 2013 and 2015 that would be illiquid and inaccessible to the client in August 2022. The client sought $85,609.16 in damages but the dispute was denied by the firm.

However, investors should know that firms can deny disputes without allowing an external review. Investors can still pursue FINRA arbitration following a denial and may be able to recover their losses.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. An investor’s profile describes their age, tax status, risk tolerance, and other characteristics.

Investors who rely on their broker for recommendations may be able to recover their losses through FINRA arbitration.

Background Information

Edward Kohlhepp 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 1 – Registered Representative Examination
• Series 00 – General Securities Principal Examination

Edward Kohlhepp is a registered broker in 26 sates and the District of Columbia. He is also a registered investment adviser in Pennsylvania and Texas.

He has also worked for the following firms:

• Lincoln Investment Planning (CRD#:519)
• Higham-Whitridge Securities (CRD#:6161)
• Travelers Equities Sales (CRD#:833)

Kurta Law Can Help

If you worked with Edward Kohlhepp 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.