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Grant Carodine is Facing a $600,000 Investor Dispute

Grant Carodine (CRD #: 6691250), a broker registered with Edward Jones, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 18, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 22, 2024, an investor alleged that Grant Carodine recommended unsuitable investments and misrepresented investments in his retirement account. The investor is seeking $600,000. 

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.

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 

Grant Carodine has passed the following exams: 

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

He is a registered broker in 14 states and D.C. He is a registered investment adviser in Alabama and Texas. 

Kurta Law Can Help 

If you have worked with Grant Carodine 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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