Heather MARIE Bolster (CRD #4071930) Has an Employment Separation and Criminal Disclosure on FINRA BrokerCheck

Heather MARIE Bolster (CRD #4071930) has been the subject of disclosure events, which have been reported on her FINRA BrokerCheck report. According to Heather MARIE Bolster’s FINRA BrokerCheck report accessed on January 18, 2026, Heather MARIE Bolster has been the subject of two disclosures, including one employment separation and one criminal matter.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation After Allegations

Heather Bolster FINRA BrokerCheck report reflects one employment separation disclosure. A summary of the disclosure is below:

On November 24, 2025, Heather Bolster was discharged from Raymond James & Associates, Inc. after the firm reported allegations of misconduct. According to the disclosure, the firm alleged that Heather Bolster withdrew funds from an outside institution after depositing checks from a firm account with insufficient funds. The disclosure lists the product type as “No Product.”

Criminal Charges

Heather Bolster FINRA BrokerCheck report reflects one criminal disclosure. A summary of the disclosure is below:

On September 19, 1991, Heather Bolster was charged in Justice Court of the State of Montana (Case # CR91-0422). The disclosure describes the charge as one felony count related to an NSF check. The matter is reported as final, with a status date of January 29, 1992. The disclosure also includes a broker statement indicating full restitution was made and the charge was dismissed on January 22, 1992.

Rule summary #1: FINRA Rule 4530 (Reporting Requirements)

FINRA Rule 4530 (Reporting Requirements) requires member firms to report specified events to FINRA within required timeframes. This includes, among other items, certain criminal actions, internal disciplinary actions, and other reportable events involving associated persons.

Rule summary #2: FINRA Rule 2150 (Improper Use of Customers’ Securities or Funds)

FINRA Rule 2150 prohibits member firms and associated persons from making improper use of a customer’s securities or funds. The rule is designed to protect investors from misuse of client assets and other improper handling of customer funds.

Why this Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on her BrokerCheck Report, Heather Bolster:

• Is not currently registered.
• Has passed the Securities Industry Essentials (SIE), Series 7, Series 65, and Series 63 exams.
• Was previously registered with firms that include Raymond James & Associates, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Kurta Law Can Help

If you have worked with Heather Bolster and you have concerns about her activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

Helpful resources: Stockbroker Fraud | Stockbroker Theft

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable—because investors should not have to sit quietly while alleged misconduct and securities fraud go unchecked. Start your recovery process today.