John Ulwick Allegedly Recommended Unsuitable Energy Investment

John Ulwick (CRD #: 1758865), a broker registered with LPL Financial, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on March 10, 2025. Investors may have also worked with him through Integrated Wealth Concepts. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Disputes

On December 30, 2024, an investor filed a dispute alleging that John Ulwick gave an unsuitable recommendation of an oil and gas investment. The client seeks $70,000 in damages in this pending dispute.

In a dispute filed on May 21, 2015, an investor alleged that John Ulwick sold him a real estate investment trust (REIT) in 2014 that was unsuitable given his risk tolerance and investment objectives. This dispute was denied by the firm.

However, investors can still pursue FINRA arbitration and potentially recover damages even if a firm denies their dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe characteristics such as their age, risk tolerance, and investment goals.

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

What are REITs?

A real estate investment trust (REIT) allows investors to generate returns from a real estate portfolio without taking on the cost and responsibility of managing the properties. REITs tend to 

be illiquid, making them unsuitable for many investors.

Background Information

John Ulwick has passed the following exams:

• Registered Options Principal Examination – Series 4
• Municipal Securities Principal Examination – Series 53
• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

John Ulwick is a registered broker in 16 states and a registered investment adviser in Massachusetts.

He has also worked for the following firms:

• Lincoln Financial Advisors (CRD#:3978)
• Ameriprise Financial Services (CRD#:6363)
• IDS Life Insurance Company (CRD#:6321)
• John Hancock Distributors (CRD#:468)

Kurta Law Can Help

If you worked with John Ulwick 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 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.