Garrett Tognozzi Allegedly Misrepresented an Unsuitable Investment

Garrett Tognozzi (CRD #: 5657190), a broker registered with J.P. Morgan Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on November 2, 2023. Keep reading if you have questions about his alleged conduct. 

On August 18, 2023, an investor alleged Garrett Tognozzi misrepresented an unsuitable recommendation regarding a managed account investment. The investor is seeking $75,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Managed accounts involve active management and therefore come with more fees than a passively managed account. These fees may make the account unsuitable. 

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 violates this rule.

Background Information 

Garrett Tognozzi has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 19 states and D.C. He is also a registered investment adviser in California and Texas. 

During his 12 years of experience, he has registered with three firms: 

• JP Morgan Securities (CRD #: 79) 
• Morgan Stanley (CRD #: 149777)
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help

If you worked with Garrett Tognozzi 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.