Herman Kahn Facing Unsuitable Investment Allegations
Herman Kahn (CRD #: 1866522), is facing allegations of unsuitable investment recommendations. This information is drawn from Herman Kahn’s BrokerCheck record, accessed on March 18, 2022. You can find more information below about Herman Kahn’s conduct as a broker.
Unsuitable Investment Allegations
On December 29, 2021, an investor claimed that Herman Kahn made unsuitable investment recommendations and failed to disclose the risky nature of the investments. The investor is seeking $110,000; the dispute is currently pending.
On June 26, 2020, an investor filed a complaint against Herman Kahn, alleging a breach of fiduciary duty and an unsuitable concentration of Atlas Growth Partners. The investor sought $100,000; the dispute settled for $45,000.
What is an Unsuitable Investment?
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:
- Financial goals
- Risk tolerance
- Time horizon (i.e., how long the investor plans to hold the investment)
- Investing experience
- Tax status
Herman Kahn has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 31 – Futures Managed Funds Examination
- Series 7 – General Securities Representative Examination
- Series 51 – Municipal Fund Securities Principal Examination
- Series 24 – General Securities Principal Examination
He has worked for the following firms:
- Kestra Investment Service, LLC (CRD#: 42046)
- Raymond James Financial Services, Inc. (CRD #:6694)
- Royal Alliance Associates, Inc. (CRD #:23131)
- Keogler, Morgan & Company, Inc. (CRD #:16546)
- Manequity, Inc. (CRD #:5249)
- Mid Atlantic Capital Corporation (CRD #:10674)
- Mony Securities Corp. (CRD #:4386)
Kurta Law Can Help
If you worked with Herman Kahn and have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.