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Janine Ledbetter Subject of a Suitability Dispute

Janine Ledbetter (CRD #: 5653943), a previously registered broker with Cetera Advisors, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on February 21, 2024. Keep reading for more information 

Investor Dispute

On December 4, 2023, investors alleged that Janine Ledbetter failed to conduct adequate due diligence and recommended unsuitable investments. The investor is seeking $99,999. 

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. 

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate this rule. 

Background Information 

Janine Ledbetter has passed the following exams:

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

During her 10 years of experience, Janine Ledbetter has registered with two firms: Cetera Advisors (CRD #: 10299) and Madison Avenue Securities (CRD #: 23224). 

Kurta Law Can Help 

If you have worked with Janine Ledbetter 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.