Evan Lunsford Involved in a Third Investor Dispute
Evan Lunsford (CRD #: 5756621), a broker registered with LPL Financial, has racked up a third investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 2, 2023. Keep reading if you have questions about his alleged conduct.
On August 18, 2023, an investor alleged that Evan Lunsford recommended unsuitable investments. These investments allegedly consisted of structured notes that were tied to the energy market.
Structured Products and the Energy Market
Structured products are complex investments that combine a bond and a derivative. Investors’ returns are dependent on the performance of the derivative component. These components might include forwards, options, and swaps. Energy investments are particularly volatile and often unsuitable.
Previous Investor Disputes
Two other investor disputes allege Evan Lunsford recommended unsuitable investments. These disputes were collectively settled for $155,000.
FINRA Rule 2111 – Unsuitable Investments
FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable.
Evan Lunsford has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered broker in seven states and is a registered investment adviser in Indiana.
Evan Lunsford has registered with three firms during his 12 years of experience:
- LPL Financial (CRD #: 6413)
- Edward Jones (CRD #: 250)
- Northwestern Mutual Investment Services (CRD #: 2881)
Kurta Law Can Help
If you worked with Evan Lunsford and have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.