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Jacquin Fink Allegedly Made Misrepresentations and Unsuitable Investment Recommendations

Dec 2, 2022 Unsuitable Investments

Jacquin Fink (CRD #: 207807), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on November 16, 2022. Read on to learn more about his alleged conduct as a broker.

Investor Disputes

On August 19, 2022, an investor alleged Jacquin Fink made unsuitable investment recommendations, made misrepresentations, and churned their account. This dispute is currently pending.

Four disputes, filed from 2016-2019, alleged that Jacquin Fink recommended unsuitable investments. One dispute, filed on November 20, 2017, additionally alleged that Jacquin Fink omitted material facts. These disputes were settled for a collective $1,343,732.34.

A dispute filed on April 18, 2016, alleged that Jacquin Fink recommended unsuitable investments, misrepresented and omitted material facts, and engaged in excessive trading from October 2013 to January 2016. This dispute was settled for $402,500.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must examine the investor’s profile, which describes their age, tax status, and other characteristics.

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

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise unethical tactics to influence the purchase and sale of securities. Misrepresenting or omitting material facts about an investment violates this rule.

Background Information

Jacquin Fink 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
  • PC – AMEX Put and Call Exam
  • Series 1 – Registered Representative Examination

He has also worked for Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691 and CRD#:572).

Kurta Law Can Help

If you worked with Jacquin Fink 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.