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Faith Xenos Faces Allegations Involving Over-concentration of Client’s Funds

Feb 16, 2022 Investor Disputes

Faith Xenos (CRD #:1320067), a registered broker with MSEC, LLC,  is involved in an investor dispute, according to her BrokerCheck record, accessed on February 2, 2022. She is also an investment advisor registered with Mariner Wealth Advisors. Keep reading for more details regarding the allegations.

Investor Allegations

On October 11, 2021, a dispute was filed against Faith Xenos alleging she over-concentrated customers' accounts beginning in July 2020 in a complex alternative mutual fund that was not suitable. The investors are seeking $346,000一the dispute is still pending.

Overconcentration is a Violation of FINRA Rule 2111

Over-concentration occurs when a broker concentrates an investor’s portfolio in one security, or in one industry sector, exposing the investment portfolio to an inappropriate degree of risk which can lead to devastating losses.

FINRA Rule 2111 defines suitable investments as securities that fit an investor's profile. An investor's profile includes information about their risk tolerance, financial goals, and age. A broker must have exercised due diligence and have an adequate reason for believing that an investment will also be suitable or beneficial for the investor, and an investment strategy might be unsuitable if the securities are over-concentrated in a particular stock or sector. 

If you think your portfolio may suffer from over-concentration, do not hesitate to contact an experienced securities attorney as soon as possible. Kurta Law is a nationally recognized securities law firm with over 25 years of experience litigating securities fraud cases.

Faith Xenos Background Information

Faith Xenos has passed the following exams:

  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 4 - Registered Options Principal Examination

Faith Xenos is a registered broker and investment adviser in Florida. 

She has also worked with the following firms:  

  • Singer Xenos Securities (CRD#:115856)
  • Singer Xenos Schechter Sosler Wealth Management (CRD#:106445)
  • Diversified Capital Corporation (CRD#:10536)
  • Huttoe & Associates (CRD#:17461)
  • Global Investor Securities (CRD#:7514)

Kurta Law Can Help

If you have worked with Faith Xenos and you 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.