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Jeffrey Freeman Allegedly Recommended Unsuitable Investment Strategy

Jeffrey Freeman (CRD #: 4585007), a broker registered with Avantax Investment Services, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on December 27, 2022. Investors may have also engaged his services through Avantax Advisory Services. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On October 31, 2022, an investor alleged that Jeffrey Freeman recommended an unsuitable investment strategy and unsuitable funds to invest in. The client also alleged that his account has lost value and incurred high fees. This dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile, which contains information about the client’s financial goals, tax status, and risk tolerance.

Investors who rely on brokers for recommendations may be able to recover their losses 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. Many forms of misconduct may qualify as violations of FINRA Rule 2010.

Background Information

Jeffrey Freeman 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 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Jeffrey Freeman is a registered broker in 19 states and a registered investment adviser in Michigan.

Kurta Law Can Help

If you worked with Jeffrey Freeman 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.