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Frederick Arbusto Involved in a $800,000 Investor Dispute

Frederick Arbusto (CRD #: 4357069), a broker registered with LPL Financial, allegedly executed unsuitable trades, according to his BrokerCheck record, accessed on September 30, 2022. Read on if you have questions about his conduct as a broker.

Investor Dispute

On August 1, 2022, an investor alleged that Frederick Arbusto executed unsuitable transactions on the client’s behalf that went against the client’s instructions between September 2021 and August 2022. The client seeks $800,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take their clients’ financial goals into account when recommending investments. Brokers must consider the information contained in an investor’s profile, such as their age, tax status, and other investments.

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

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Frederick Arbusto has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

Frederick Arbusto is a registered broker in 12 states and a registered investment adviser in Rhode Island and Texas.

He has also worked for the following firms:

  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • Banc of America Investment Services (CRD#:16361)
  • Quick & Reilly (CRD#:11217)
  • Morgan Stanley (CRD#:7556)

Kurta Law Can Help

If you worked with Frederick Arbusto 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 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. 

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