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Investor Claims Erik Anderson’s Investment Recommendation Led to Losses 

Feb 1, 2022 Unsuitable Investments

Erik Anderson (CRD #:5409074), a broker registered with LPL Financial is involved in an unsuitability dispute according to his BrokerCheck record accessed on January 17, 2022. He is also a registered investment advisor at Ryan Financial. 

According to the allegations filed on October 18, 2021, Erik Anderson recommended bond funds that led to losses and did not match his client’s investment objectives. The investor is seeking $95,000—the case is still pending.  

Unsuitable Investments  

“Suitability” is the term used to describe an ethical, enforceable standard for investment advisers. An investment is only considered "suitable" if it meets the suitability criteria outlined in FINRA Rule 2111.  

A stockbroker must have exercised due diligence and have an adequate reason for believing that an investment will also be suitable or beneficial for the investor. Investors who rely on their investment advisors for recommendations may be able to recover their losses through FINRA arbitration if their broker recommended an unsuitable investment.  

Background Information 

Erik Anderson has passed the following exams: 

  • Series 66 - Uniform Combined State Law Examination 
  • SIE - Securities Industry Essentials Examination 
  • Series 7 - General Securities Representative Examination 

Erik Anderson is a registered broker in 21 states. He is also a registered investment advisor in Colorado and Texas.

He has also worked with Edward Jones (CRD#:250).

 Kurta Law Can Help 

If you have worked with Erik Anderson and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Please reach out if you have any questions about what steps to take next to recover your investment losses.