Jeremy Dicker Allegedly Created Tax Liability for Investor

Jeremy Dicker (CRD #: 2706452), a broker registered with Park Avenue Securities, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on March 21, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

In a dispute filed on January 27, 2023, an investor alleged that Jeremy Dicker sold all the equities in her portfolio, creating a long-term capital gains tax liability. The client sought $200,000 in damages but the dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an outside review. Investors may be able to recover their funds by pursuing FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their tax status, risk tolerance, and age.

This rule applies to investment recommendations, discretionary trades, and recommendations or execution of investment strategies. For example, a broker executing an excessive number of trades would be unsuitable because churning generates fees and commissions that cut into clients’ returns.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Jeremy Dicker 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 6 – Investment Company Products/Variable Contracts Representative Examination

Jeremy Dicker is a registered broker in 21 states and the District of Columbia. He is also a registered investment adviser in 20 states and the District of Columbia.

He has also worked for the following firms:

• MML Investors Services (CRD#:10409)
• Northwestern Mutual Investment Services (CRD#:2881)
• Robert W. Baird & Company (CRD#:8158)

Kurta Law Can Help

If you worked with Jeremy Dicker 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.