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Investor Alleges Jack Yvars Recommended Unsuitable Mutual Funds

Jack Yvars (CRD #: 6377111), a broker registered with Royal Alliance Associates, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on June 22, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

In a pending dispute filed on April 20, 2023, an investor alleged that Jack Yvars recommended an unsuitable portfolio of mutual funds in 2021 that did not match her risk tolerance and investment objectives. The client seeks $250,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. Brokers must examine the information described in these profiles, including the following investor characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

Jack Yvars has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Jack Yvars is a registered broker in nine states and a registered investment adviser in New Hampshire.

He has also worked for Signator Investors (CRD#:468).

Kurta Law Can Help

If you worked with Jack Yvars 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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