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Jamil El-Jurdi is the Subject of an Unsuitable Annuity Dispute

Jamil El-Jurdi (CRD #: 5188863), a previously registered broker with AXA Advisors, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on December 12, 2023. Details regarding this dispute are provided below. 

On September 5, 2023, an investor alleged that Jamil El-Jurdi allegedly recommended unsuitable annuities. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Our securities attorneys can still recover losses following a denial via FINRA arbitration

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unsuitable investment recommendations also violate this rule. 

Background Information 

Jamil El-Jurdi has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Principal Examination 

Kurta Law Can Help 

If you have worked with Jamil El-Jurdi and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.