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Erik Snyder Allegedly Recommended Unsuitable Investment

Jan 13, 2023 Unsuitable Investments

Erik Snyder (CRD #: 4687532), a broker registered with Fidelity Brokerage Services, is involved in a pending dispute, according to his BrokerCheck record, accessed on January 5, 2023. Investors may have also worked with him through Fidelity Personal and Workplace Advisors. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On October 19, 2022, an investor alleged that Erik Snyder gave an unsuitable investment recommendation. The client seeks $75,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which describes their tax status, age, risk tolerance, and other information.

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

Background Information

Erik Snyder 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
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Erik Snyder is a registered broker in 24 states and a registered investment adviser in Pennsylvania and Texas.

He has also worked for Strategic Advisers (CRD#:104555) and Vanguard Marketing Corporation (CRD#:7452).

Kurta Law Can Help

If you worked with Erik Snyder 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.