Jackier Hurtado’s Investment Strategy Allegedly Not in Client’s Best Interest

Jackier Hurtado (CRD #: 1444186), a broker registered with Morgan Stanley, allegedly recommended an unsuitable investment strategy, according to his BrokerCheck record, accessed on June 15, 2023. If you have questions about his alleged conduct as a broker, read on.

Pending Dispute

On May 4, 2023, an individual with power of attorney over a client alleged that Jackier Hurtado recommended an investment strategy that was not in the client’s best interest. This dispute is currently pending.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes their risk tolerance, tax status, and other characteristics.

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Jackier Hurtado 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 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination

Jackier Hurtado is a registered broker in 18 states and Puerto Rico. He is also a registered investment adviser in Florida and Texas.

He has also worked for Citigroup Global Markets (CRD#:7059) and Mutual of America Life Insurance Company (CRD#:15356).

Kurta Law Can Help

If you worked with Jackier Hurtado 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.