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Jeffrey Kitchen Allegedly Invested Client in Unsuitable Securities

Jeffrey Kitchen (CRD #: 3097906), a broker registered with Edward Jones, allegedly purchased unsuitable investments for a client, according to his BrokerCheck record, accessed on May 18, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

In a pending dispute filed on March 31, 2023, an investor alleged that Jeffrey Kitchen invested his portfolio in securities that were unsuitable given his risk profile from approximately December 2021 through March 2022.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must take into account the characteristics described in an investor’s profile, including the following:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

Background Information

Jeffrey Kitchen 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 24 – General Securities Principal Examination

Jeffrey Kitchen is a registered broker in 31 states as well as the District of Columbia and Virgin Islands. He is also a registered investment adviser in Pennsylvania and Texas.

Kurta Law Can Help

If you worked with Jeffrey Kitchen 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.

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