Howard Raff is the Subject of a $300,000 Investor Dispute

Howard Raff (CRD #: 4307069), a broker registered with Grove Point Investments, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 22, 2024. Keep reading if you have questions concerning his conduct. 

Investor Allegations

On December 19, 2023, investors named Howard Raff in a dispute that also involved Grove Point Investments Northstar Healthcare Income REIT. The investors alleged unsuitability, overconcentration, breach of fiduciary duty, and negligence. The investor is seeking $300,000. 

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.

What Are REITs?

Real estate investment trusts (REITs) allow investors to pool their funds together in a portfolio of real estate and earn returns without managing the properties themselves. However, the lack of liquidity associated with REITs may make them unsuitable for some investors.

Tax Liens 

Howard Raff is the subject of three tax liens that total over $470,000. 

Background Information 

Howard Raff has passed the following exams: 

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

He is a registered broker in 15 states and D.C. He is a registered investment adviser in California. 

During his 23 years of experience, Howard Raff has registered with the following firms: 

• Grove Point Investments (CRD #: 1763) 
• H. Beck (CRD #: 1763) 
• Diversified Securities (CRD #: 222) 
• DSI Advisers (CRD #: 134061) 
• UBS Painewebber (CRD #: 8174) 

Kurta Law Can Help 

If you have worked with Howard Raff 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.