Holly Duthie is Facing Failure to Diversify Allegations

Holly Duthie (CRD #: 4120719), a broker registered with Edward Jones, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on February 27, 2024. Keep reading if you have questions regarding her conduct. 

Investor Dispute

On November 21, 2023, an investor alleged that Holly Duthie changed sub-accounts in her Brighthouse Annuity. The client also alleges concerns concerning her performance and diversification. The dispute was denied, but investors should know that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration. 

FINRA Rule 2111 – Unsuitable Overconcentration 

FINRA Rule 2111 prohibits unsuitable investment recommendations. Overoncenrated investments are often unsuitable because they expose the investor to unnecessary risk. Brokers are required to consider their investor’s risk tolerance when they make recommendations. Diversified portfolios expose investors to a broader swath of the market and lessen the chance that an investor will suffer major losses following a drop in share prices for a particular stock or sector. Investors who rely on brokers for recommendations may be able to recover losses following overconcentration by pursuing FINRA arbitration.

Background Information 

Holly Duthie has passed the following exams:

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

She is a registered broker in 15 states and is a registered investment adviser in Michigan and Texas. 

Kurta Law Can Help 

If you have worked with Holly Duthie and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.