Jeffrey Goldman Allegedly Recommended Unsuitable Structured Products

Jeffrey Goldman (CRD #: 2493183), a broker registered with Chapin Davis, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 18, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On December 6, 2023, an investor alleged that Jeffrey Goldman recommended two unsuitable structured product notes. The investor is seeking $77,696.75. 

Structured products

Structured products are complex investments that combine a bond and a derivative. Investors’ returns are dependent on the performance of the derivative component—examples of which include forwards, options, and swaps.

The complicated nature of structured products makes them difficult for investors to evaluate.

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.

Background Information 

Jeffrey Goldman has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• 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 

He is a registered broker in ten states and D.C. He is a registered investment adviser in Maryland. 

Jeffrey Goldman has registered with the following firms: Chapin, Davis (CRD #: 28116) and Legg Mason Wood Walker (CRD #: 6555). 

Kurta Law Can Help 

If you have worked with Jeffrey Goldman and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com 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.