Jeffrey Larson Fired by Arete Wealth Management

Jeffrey Larson (CRD #: 4836889) has been terminated by Arete Wealth Management. You can see this disclosure on his BrokerCheck record, accessed on December 18, 2023. Keep reading if you have questions about his alleged conduct. 

On October 11, 2023, Arete Wealth Management fired Jeffrey Larson following allegations that he was not forthcoming during an internal investigation.

This is not the only disclosure on his record. On May 18, 2021, an investor alleged that Jeffrey Larson recommended unsuitable investments. 

Unsuitable Investments

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Excessive trading, which violates the need for quantitative suitability. This means that the number of trades must suit an investor’s goals. Excessive trading is also known as “churning.” 
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.

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

Background Information 

Jeffrey Larson has passed the following exams: 

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

During his 19 years of experience, he has registered with the following firms: 

• Arete Wealth Management (CRD #: 44856) 
• Larson Financial Securities (CRD #: 152517) 
• Financial Network Investment Corporation (CRD #: 13572) 
• CRI Securiities (CRD #: 22589) 
• Securian Financial Services (CRD #: 15296) 

Kurta Law Can Help 

If you have worked with Jeffrey Larson and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.