J. Graydon Coghlan Allegedly Recommended Unsuitable REIT

Graydon Coghlan (CRD #: 2281065), a broker registered with Securities America, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on April 27, 2023. Investors may have also engaged his services through Securities America Advisors. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On March 2, 2023, an investor filed a dispute alleging that J. Graydon Coghlan recommended a non-traded real estate investment trust (REIT) that was unsuitable given the client’s investment objectives. The client further alleged that J. Graydon Coghlan failed to make full disclosures about this investment.

The client seeks $50,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles describe an investor’s tax status, risk tolerance, and financial goals.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent means of influencing investors’ decisions. Misrepresenting or omitting facts about an investment’s features, requirements, or risks violates this rule.

What are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a real estate portfolio without taking on the cost and responsibility of managing the properties. However, REITs tend to be illiquid, making them unsuitable for many investors.

Background Information

Graydon Coghlan 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 7 – General Securities Representative Examination

Graydon Coghlan is a registered broker in 14 states and a registered investment adviser in California and Texas.

He has also worked for the following firms:

• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Smith Barney (CRD#:7059)
• Lehman Brothers (CRD#:7506)

Kurta Law Can Help

If you worked with J. Graydon Coghlan 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.