Erik Alexander Allegedly Misrepresented Investments

Erik Alexander (CRD #: 5839269), a broker registered with Cetera Advisor Networks, allegedly misrepresented investments, according to his BrokerCheck record, accessed on November 28, 2022. Keep reading to learn more about his conduct as a broker.

Investor Disputes

On October 20, 2022, an investor alleged that Erik Alexander misrepresented certain investments, including a real estate investment trust (REIT), as conservative, secure, and not bearing any significant risks. The client alleges these misrepresentations occurred in 2016.

The client seeks $270,000 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive or manipulative tactics, like the misrepresentation or omission of material facts, as they relate to the purchase and sale of securities.

What is a real estate investment trust?

A real estate investment trust (REIT) is an entity that owns and maintains a portfolio of income-producing real estate properties. Investors own shares in these properties without needing to manage the properties themselves.

However, many REITs expect investors to remain invested for an extended period. That lack of liquidity can make REITs unsuitable for some investors.

Background Information

Erik Alexander has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Erik Alexander is a registered broker in 13 states and a registered investment adviser in Texas and Washington.

He has also worked for Voya Financial Advisors (CRD#:2882).

Kurta Law Can Help

If you worked with Erik Alexander 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.