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John Fisher Allegedly Placed Client in Unsuitable Investments

Jan 6, 2023 Unsuitable Investments

John Fisher (CRD #: 5964583), a broker registered with Edward Jones, was the subject of a recent dispute, according to his BrokerCheck record, accessed on December 27, 2022. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On October 26, 2022, an investor alleged that John Fisher placed her in investments that were unsuitable given her risk tolerance. The client sought $102,000 in damages but the dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without allowing an external review. Investors can still pursue FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which contains the following characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

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

Background Information

John Fisher has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

John Fisher is a registered broker in 22 states and the District of Columbia. He is also a registered investment adviser in Maryland and Texas.

He has also worked for NYLIFE Securities (CRD#:5167).

Kurta Law Can Help

If you worked with John Fisher and you have concerns about your investments, please contact us today at 877-600-0098 or 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.