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Glynnis Reinhart Allegedly Recommended an Unsuitable REIT

Glynnis Reinhart (CRD #: 4530036), a broker registered with Purshe Kaplan Sterling Investments, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on February 16, 2024. Investors may have engaged her services through Octavia Wealth Advisors. 

REIT Allegations 

On December 21, 2023, an investor alleged that Glynnis Reinhart recommended an unsuitable REIT. 

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. REITs tend to be illiquid, which makes them unsuitable for many investors.

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. 

Background Information 

Glynnis Reinhart has passed the following exams: 

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

Kurta Law Can Help 

If you have worked with Glynnis Reinhart and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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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