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Investors Allege Evan Adelglass Recommended Unsuitable Investments

Evan Adelglass (CRD #: 2392225), a broker registered with LPL Financial, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 14, 2024. Keep reading to learn more about his alleged conduct as a broker.

Investor Disputes

Investors filed two disputes on October 4 and 7, 2024, respectively, alleging that Evan Adelglass recommended investments that were unsuitable given their investment objectives and risk tolerance. The clients seek a total of $930,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe characteristics such as investors’ risk tolerance, tax status, age, and financial goals.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Evan Adelglass 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
  • Series 24 – General Securities Principal Examination

Evan Adelglass is a registered broker in 20 states and a registered investment adviser in Connecticut and Texas.

He has also worked for the following firms:

  • Banc of America Investment Services (CRD#:16361)
  • Quick & Reilly (CRD#:11217)
  • First Union Securities (CRD#:19616)
  • First Albany Corporation (CRD#:298)
  • Janney Montgomery Scott (CRD#:463)
  • Gruntal & Company (CRD#:372)
  • A. G. Edwards & Sons (CRD#:4)
  • Greenway Capital (CRD#:25152)
  • Montano Securities Corporation (CRD#:7887)

Kurta Law Can Help

If you worked with Evan Adelglass 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. 

 

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