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Frank Snyder Allegedly Over-Concentrated Alternative Investments

May 13, 2022 Unsuitable Investments

Frank Snyder (CRD #: 3120216), a broker registered with Cambridge Investment Research, is facing an investor dispute. This is according to his BrokerCheck record, accessed on May 13, 2022.

On January 13, 2022, an investor alleged that Frank Snyder recommended “significant concentrations” of alternative investments. The investor is seeking $125,000 in this pending dispute.

Suitable Investments

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

  • Investments can be unsuitable because they are high risk and likely to lose money (like alternative investments).
  • Suitability requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are over-concentrated in a particular stock or sector.

Background Information

Frank Snyder has passed the following exams:

  • 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 16 states and is a registered investment adviser in Illinois and the Virgin Islands.

Frank Snyder has worked for the following firms:

  • Cambridge Investment Research (CRD #: 39543)
  • Cambridge Investment Research Advisors (CRD #: 134139)
  • Transamerica Financial Advisors (CRD #: 16164)
  • Pan-American Financial Advisers (CRD #: 15578)
  • American Capital Corporaiton (CRD #: 16124)
  • WMA Securities (CRD #: 32625)

Kurta Law Can Help

If you worked with Frank Snyder and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated on behalf of investors recovering their investment losses from stockbrokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors. We work on a contingency basis, which means that the firm only earns a fee if our securities attorneys recover money on your behalf. Reach out and we can tell you what steps to take to restore your lost funds.