Janelle O’Brien Allegedly Failed to Diversify Client’s Portfolio

Janelle O’Brien (CRD #: 6159970), a broker registered with LPL Financial, allegedly over- concentrated a client’s portfolio, according to her BrokerCheck record, accessed on December 28, 2022. Read on if you have questions about her alleged conduct as a broker.

Investor Dispute

On October 26, 2022, an investor alleged that Janelle O’Brien failed to diversify the client’s portfolio of vested shares in her former employer’s public company, exposing the client to a degree of risk that did not align with her risk tolerance and investment objectives. The investor alleged that this misconduct occurred between March 2021 and July 2022.

She seeks $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. These profiles include information about an investor’s tax status, age, risk tolerance, and other information.

Investors who rely on brokers for recommendations may be able to recoup their losses by pursuing FINRA arbitration.

Background Information

Janelle O’Brien has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination 
• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Janelle O’Brien is a registered broker in 15 states and a registered investment adviser in California and Texas.

She previously worked for Edward Jones (CRD#:250).

Kurta Law Can Help

If you worked with Janelle O’Brien 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.