Investors Allege Eric Delaney Recommended Unsuitable Investment

Eric Delaney (CRD #: 2886715), a broker registered with LPL Financial, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on May 13, 2025. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On February 27, 2025, multiple investors filed a dispute alleging that Eric Delaney recommended an investment in order to generate high commissions and fees, and that their concentration in this investment deprived them of the ability to generate reasonable returns. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes their risk tolerance, age, tax status, and investing experience.

Brokers must also ensure that their recommended investment strategies are suitable for their client. Overconcentration in a single stock or sector is a potentially unsuitable investment strategy that can expose an investor to an unsuitable degree of risk.

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

Background Information

Eric Delaney has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Combined State Law Examination – Series 66
• Uniform Securities Agent State Law Examination – Series 63

Eric Delaney is a registered broker in 14 states and Puerto Rico. He is also a registered investment adviser in New Jersey and North Carolina.

He has also worked for the following firms:

• Cambridge Investment Research Advisors (CRD#:134139)
• Cambridge Investment Research (CRD#:39543)
• Wells Fargo Advisors (CRD#:19616)
• First Union Brokerage Services (CRD#:8112)
• EQ Financial Consultants (CRD#:6627)
• The Equitable Life Assurance Society of the United States (CRD#:4039)
• Financial Network Investment Corporation (CRD#:13572)

Kurta Law Can Help

If you worked with Eric Delaney 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.