Investors Allege Jeffrey Furniss Gave Unsuitable Energy Investment Recommendations

Jeffrey Furniss (CRD #: 4888498), a broker registered with LPL Financial, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on March 10, 2025. Read on to learn more about his alleged conduct as a broker.

Investor Disputes

In disputes filed from August to December 2024, multiple investors alleged that Jeffrey Furniss recommended unsuitable oil and gas investments. Clients seek $250,000 in damages in these pending disputes.

On July 8, 2022, an investor filed a dispute alleging that Jeffrey Furniss made an unsuitable recommendation of an oil and gas investment. This dispute was settled for $106,526.26.

On June 8, 2017, an investor alleged that Jeffrey Furniss failed to disclose important facts related to a third-party managed account as well as a variable annuity, real estate investment trust (REIT), and oil and gas program. The client further alleged unsuitable sales of investments. They received a settlement of $150,000.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consult the investor’s profile, which contains information about their tax status, age, risk tolerance, and investing experience.

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

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. This includes the misrepresentation or omission of information regarding an investment’s risks, fees, or potential returns.

What are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without needing to maintain the properties themselves. However, REITs tend to be illiquid, which makes them unsuitable for some investors.

Background Information

Jeffrey Furniss has passed the following exams:

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

Jeffrey Furniss is a registered broker in 19 states and the District of Columbia. He is also a registered investment adviser in Maryland and Texas.

He has also worked for Osaic FA (CRD#:3978) and The Lincoln National Life Insurance Company (CRD#:2580).

Kurta Law Can Help

If you worked with Jeffrey Furniss 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 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.