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Investors Allege Heidi Chamberlain Executed Unauthorized Trades

Heidi Chamberlain (CRD #: 2563489), a broker registered with Morgan Stanley, allegedly engaged in excessive trading, according to her BrokerCheck record, accessed on January 10, 2025. If you have questions about her alleged conduct as a broker, keep reading.

Investor Dispute

On December 9, 2024, multiple investors filed a dispute alleging that Heidi Chamberlain executed unauthorized and excessive transactions, received excessive commissions, and purchased inappropriate assets from 2019 through 2024.

This dispute is currently pending.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm before this trading can occur.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which contains information about an investor’s age, risk tolerance, and financial goals.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Heidi Chamberlain has passed the following exams:

  • Securities Trader Exam – Series 57TO
  • Securities Industry Essentials Examination – SIE
  • Limited Representative-Equity Trader Exam – Series 55
  • General Securities Representative Examination – Series 7
  • Uniform Investment Adviser Law Examination – Series 65
  • Uniform Securities Agent State Law Examination – Series 63

Heidi Chamberlain is a registered broker in 32 states as well as the District of Columbia and Puerto Rico. She is also a registered investment adviser in Texas and Vermont.

She has also worked for the following firms:

  • Stifel, Nicolaus & Company (CRD#:793)
  • Barclays Capital (CRD#:19714)
  • Deutsche Bank Securities (CRD#:2525)
  • Lehman Brothers (CRD#:7506)
  • CS First Boston Corporation (CRD#:816)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Heidi Chamberlain 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 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. 

 

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