Frederick Moss Facing Allegations of Unsuitable Investment Recommendations

Frederick Moss (CRD #: 1143601), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is the subject of an investor dispute, according to his BrokerCheck record, accessed on November 6, 2023. Keep reading if you have questions about his alleged conduct. 

On August 15, 2023, investors alleged that Frederick Moss made unsuitable investment recommendations and misrepresentations from 2021 through 2022. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts relating to an annuity’s surrender fees violates this rule. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains 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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information

Frederick Moss 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 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 18 states and is a registered investment adviser in New Jersey and Texas. 

During his 40 years of experience, Frederick Moss has exclusively registered as a broker with Merrill Lynch (CRD #: 7691) 

Kurta Law Can Help

If you worked with Frederick Moss and 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 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.