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Joel Harworth Allegedly Recommended an Unsuitable, High-Risk Investment

Joel Harworth (CRD #: 3131373), a broker registered with Centaurus Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 14, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 30, 2024, an investor alleged that Joel Harworth recommended an unsuitable, high-risk, illiquid investment and breached his fiduciary duty. He is seeking $93,000. 

FINRA Rule 2111 – Unsuitable, Illiquid Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments often do not suit a client’s best interests. 

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

Background Information 

Joel Harworth has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 52TO Municipal Securities Representative Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 53 Municipal Securities Principal Examination 
  • Series 24 General Securities Representative Examination

He is a registered broker in eight states and is a registered investment adviser in six states. 

During his 24 years of experience, Joel Harworth has reigsistered with the following firms: 

  • Centaurus Financial (CRD #: 30833) 
  • Wescom Financial Services (CRD #: 125650) 
  • Cuso Financial Services (CRD #: 42132) 
  • Wescom Discount Brokerage (CRD #: 14246) 

Kurta Law Can Help 

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