Joe LaTour Allegedly Recommended Unsuitable Investments
Joe LaTour (CRD #: 4436861), a broker registered with Center Street Securities, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on April 6, 2023. Investors may have also worked with him through LaTour Asset Management. Read on if you have questions about his conduct as a broker.
On December 13, 2022, an investor filed a dispute alleging that Joe LaTour sold them an unsuitable investment. They seek $70,000 in damages in this pending dispute.
In a pending dispute filed on June 21, 2022, multiple investors alleged that Joe LaTour recommended unsuitable investments and transactions. They seek $500,000 in damages.
On March 25, 2022, an investor named Joe LaTour in allegations involving unsuitable and illiquid investments. This client also seeks $500,000 in damages in this pending dispute.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the information described in an investor’s profile, such as their tax status, risk tolerance, and other investments.
Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.
FINRA Rule 2010
FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.
Joe LaTour has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- Series 65 – Uniform Investment Adviser Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Joe LaTour is a registered broker in nine states and a registered investment adviser in Alaska, Arkansas, Missouri, and Texas.
He has also worked for Brookstone Capital Management (CRD#:141413) and Mutual of Omaha Investor Services (CRD#:611).
Kurta Law Can Help
If you worked with Joe LaTour and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.