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John Engler Allegedly Recommended Unsuitable Margin Investment Strategy

May 10, 2023 Margin Disputes

John Engler (CRD #: 835827), a broker registered with Ameriprise Financial Services, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on May 3, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On February 23, 2023, an investor alleged that John Engler recommended unsuitable investments as well as an aggressive investment strategy involving margin. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes their risk tolerance, age, and other characteristics.

Investment strategies must also meet the requirements of suitability. A common example is overconcentration, which can expose an investor to an unsuitable degree of risk.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

John Engler 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
  • PC – AMEX Put and Call Exam
  • Series 7 – General Securities Representative Examination

John Engler is a registered broker in Arkansas, Florida, Georgia, Illinois, and South Carolina. He is also a registered investment adviser in Georgia and Illinois.

He has also worked for the following firms:

  • Wells Fargo Advisors (CRD#:19616)
  • Prudential Securities (CRD#:7471)
  • The Robinson-Humphrey Company (CRD#:723)

Kurta Law Can Help

If you worked with John Engler 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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