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Investor Alleges Brady Fuchs Overconcentrated Account

Mar 3, 2023 Unsuitable Investments

Brady Fuchs (CRD #: 3203016), a broker registered with Kingswood Capital Partners, allegedly overconcentrated a client in unsuitable investments, according to his BrokerCheck record, accessed on February 22, 2023. Investors may have also worked with him through Kingswood Wealth Advisors. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On December 28, 2022, an investor alleged that Brady Fuchs overconcentrated them in unsuitably illiquid investments. The client seeks $50,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile.

Securities may be unsuitable for an investor because they are high-risk or lacking in liquidity. Illiquid investments can be difficult to sell on short notice and selling them too soon can come with high fees, making them unsuitable for some investors.

Investments can also be quantitatively unsuitable. When a broker executes an excessive number of trades, they generate fees and commissions that can severely reduce clients’ returns.

Suitability also applies to investment strategies. For instance, overconcentration is frequently an unsuitable investment strategy due to the level of risk involved.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Tax Liens

From 2016-2021, Brady Fuchs was subject to a total of $167,957.25 in tax liens.

Background Information

Brady Fuchs has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7TO – General Securities Representative Examination
  • Series 7 – General Securities Representative Examination

Brady Fuchs is a registered broker and a registered investment adviser in California.

He has also worked for the following firms:

  • VES Advisors (CRD#:311032)
  • Institute For Wealth Advisors (CRD#:149347)
  • Concert Wealth Management (CRD#:141253)
  • Independent Financial Group (CRD#:7717)
  • Financial Advisers of America (CRD#:142170)
  • Citigroup Global Markets (CRD#:7059)
  • Citicorp Investment Services (CRD#:23988)
  • WM Financial Services (CRD#:599)
  • Finance 500 (CRD#:12981)
  • UBS PaineWebber (CRD#:8174)
  • Mission Capital Investment Group (CRD#:43167)

Kurta Law Can Help

If you worked with Brady Fuchs and you have concerns about your investments, please contact us today at 877-600-0098 or 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.