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Investors Allege Gail Hilder Recommended Unsuitable, Illiquid Investment

Gail Hilder (CRD #: 1155270), a broker formerly registered with Centaurus Financial, allegedly gave unsuitable investment recommendations, according to her BrokerCheck record, accessed on June 28, 2023. If you want to know more about her alleged conduct as a broker, keep reading.

Investor Dispute

On April 4, 2023, multiple investors alleged that Gail Hilder made an unsuitable recommendation of a high-risk and illiquid investment in January 2021. The clients seek $100,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe investor characteristics, such as their tax status, risk tolerance, and age.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Gail Hilder has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

She has also worked for the following firms:

  • Centaurus Financial (CRD#:30833)
  • SunTrust Investment Services (CRD#:17499)
  • Crestar Securities Corporation (CRD#:17464)
  • Independent Financial Securities (CRD#:19924)
  • Scott & Stringfellow Investment Corporation (CRD#:3309)
  • Dominion Investment Banking (CRD#:17523)
  • Prudential-Bache Securities (CRD#:7471)
  • E. F. Hutton & Company (CRD#:235)

Kurta Law Can Help

If you worked with Gail Hilder and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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. 

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