Glen Viditz-Ward Allegedly Executed Unsuitable Investment Strategy

Glen Viditz-Ward (CRD #: 1986586), a broker registered with Cambridge Investment Research, allegedly executed an unsuitable investment strategy, according to his BrokerCheck record, accessed on April 25, 2023. Investors may have also engaged his services through Cambridge Investment Research Advisors. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On March 6, 2023, an investor filed a dispute alleging that Glen Viditz-Ward executed an investment strategy that was too risky for the client. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in an investor’s profile, such as their risk tolerance, age, and tax status when making recommendations.

These 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 overconcentrated in a particular stock or sector.

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

Background Information

Glen Viditz-Ward 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
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Glen Viditz-Ward is a registered broker in 32 states and a registered investment adviser in North Carolina and Texas.

He has also worked for the following firms:

• Multi-Financial Securities Corporation (CRD#:10299)
• MML Investors Services (CRD#:10409)
• G. R. Phelps & Company (CRD#:173)

Kurta Law Can Help

If you worked with Glen Viditz-Ward 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.