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Frank Cockrell is the Subject of an Unsuitable Oil and Gas Program Allegation

Frank Cockrell (CRD #: 2747996), a broker registered with Osaic FA, is teh subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 18, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On August 30, 2024, an investor alleged that Frank Cockrell recommended an unsuitable oil and gas program. The investor is seeking $50,000. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Frank Cockrell 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 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in 18 states and is a registered investment adviser in California, Colorado, and Texas.

Frank Cockrell has registered with three firms: 

  • Osaic FA (CRD #: 3978) 
  • The Lincoln National Life Insurance Company (CRD #: 2580) 
  • Fortis Investors (CRD #: 421) 

Kurta Law Can Help 

If you worked with Frank Cockrell and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 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. Do not let securities fraud go unchecked. Start your recovery process today.