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Investors Allege Eileen Cure Overconcentrated Their Portfolios in Unsuitable Investments

Eileen Cure (CRD #: 2224269), a broker formerly registered with LPL Financial, allegedly purchased unsuitable investments for clients, according to her BrokerCheck record, accessed on January 4, 2023. If you want to learn more about her alleged conduct as a broker, keep reading.

Investor Dispute

On October 20, 2022, several investors filed a dispute alleging Eileen Cure overconcentrated their assets in unsuitable and illiquid investments. The clients seek $200,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider investors’ profiles when recommending investments. Brokers must consider an investor’s age, risk tolerance, tax status, and other information described in their profile.

This also applies to investment strategies. Overconcentration is frequently an unsuitable investment strategy because of the degree of risk involved.

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

Background Information

Eileen Cure 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

She previously worked for the following firms:

  • LPL Financial (CRD#:6413)
  • HD Vest Investment Services (CRD#:13686)
  • Investment Management & Research (CRD#:6694)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Eileen Cure 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. 

 

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