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Gene West is the Subject of a Margin Account Dispute

Gene West (CRD #: 1569050), a broker registered with RBC Capital Markets, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 15, 2024. Details concerning this dispute are provided below. 

Customer Dispute 

On December 15, 2023, an investor alleged that Gene West recommended the use of margin to achieve liquidity but “downplayed the risk” of a margin account. The investor is seeking $100,000. 

What is Margin Investing? 

Investing on margin is when an investor opens a margin account and borrows money from a brokerage firm in order to purchase more securities. Using borrowed money is called “leverage” and it increases the risk that the investor will lose money. Margin accounts may come with interest charges, significant broker fees, and the risk of a margin call. 

Background Information 

Gene West has passed the following exams:

  • Series 66 Uniform Combined State 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 D.C. He is a registered investment adviser in Colorado and Texas. 

During his 37 years of experience, Gene West has registered with four firms: 

  • RBC Capital Markets (CRD #: 31194) 
  • Dain Rauscher Incorporated (CRD #: 7600) 
  • Everen Securities (CRD #: 19616) 
  • Boettcher & Company (CRD #: 101)

Kurta Law Can Help 

If you have worked with Gene West 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.

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