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Jim Toddy Allegedly Recommended an Unsuitable Transaction

Jim Toddy (CRD #: 2636687), a broker registered with Center Street Securities, is the subject of a pending dispute, according to his BrokerCheck record, accessed on September 5, 2022. Investors may have also engaged his services through Center Street Advisers. Read on if you want to know more about his conduct as a broker.

Investor Dispute

In a dispute filed on June 13, 2022, an investor alleged that Jim Toddy recommended an unsuitable transaction in 2019. The client seeks $383,014.45 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend investments that suit their investor’s needs. Brokers must consider the information contained in an investor’s profile, such as their tax status, risk tolerance, and overall financial situation.

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

FINRA Rule 2010

 FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Jim Toddy has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Jim Toddy is a registered broker and a registered investment adviser in 16 states.

He has also worked for the following firms:

  • Brookstone Capital Management (CRD#:141413)
  • Trustmont Financial Group (CRD#:18312)
  • ProEquities (CRD#:15708)
  • First Financial Equity Corporation (CRD#:16507)
  • Sterling Financial Investment Group (CRD#:41506)
  • Joseph Charles & Associates (CRD#:3949)

Kurta Law Can Help

If you worked with Jim Toddy 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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