Ibrahim Kurtulus is the Subject of a Margin Account Dispute

Ibrahim Kurtulus (CRD #: 2287372), a broker registered with Joseph Stone Capital, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on December 8, 2023. Keep reading if you have questions about his conduct as a broker. 

On September 11, 2023, an investor alleged that Ibrahim Kurtulus engaged in unsuitable trading and overconcentrated his investor’s portfolio. The investor further alleged that Ibrahim Kurtulus made improper use of margin. 

The investor is seeking $875,000. The dispute is pending. 

What is a Margin Account? 

Margin accounts use money borrowed from the securities firm to buy more shares for investors. The use of borrowed money increases the risk. Investors are required to have a certain amount of money in their account or they could trigger a margin call. If an investor cannot pay the money to cover the margin call, the broker may liquidate securities in their account. 

What is Overconcentration? 

Overconcentration happens when a broker places too much of an investor’s portfolio into one stock or asset. This lack of diversification exposes the investor to unnecessary risk and violates FINRA Rule 2111, which defines suitable investments. 

Background Information 

Ibrahim Kurtulus has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He has registered with 30 states and D.C. 

During his 25 years of experience, he has registered with four firms: 

• Joseph Stone Capital (CRD #: 159744) 
• Windsor Street Capital (CRD #: 34171) 
• J.W. Barclay & Co. (CRD #: 23350) 
• A.S. Goldman & Co. (CRD #: 23180)

Kurta Law Can Help 

If you have worked with Ibrahim Kurtulus 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.