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Investors Allege John Ulwick Recommended Unsuitable Investments

John Ulwick (CRD #: 1758865), a broker registered with LPL Financial, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on July 16, 2022. Investors may also have worked with John Ulwick through Integrated Wealth Concepts. Read on if you have questions about his conduct as a broker.

Investor Disputes

On April 29, 2022, an investor alleged that John Ulwick recommended an unsuitable oil and gas investment.

On May 21, 2015, an investor alleged that John Ulwick recommended a real estate investment trust (REIT) in December 2014 that was unsuitable for their investment objectives and risk tolerance. This dispute was denied by the firm.

However, investors should know that firms don’t need to allow an external review before denying a dispute. Investors may be able to recoup their losses after a denial by seeking out FINRA arbitration.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must examine the information contained in an investor’s profile, such as their age, risk tolerance, and other investments.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

What is a real estate investment trust?

A real estate investment trust (REIT) is a company that manages real estate properties. Investors can buy shares in the REIT and earn dividends from this real estate without needing to finance or maintain the properties themselves. However, REITs are typically illiquid, which makes them unsuitable for many investors.

Background Information

John Ulwick 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
  • Series 7 – General Securities Representative Examination
  • Series 4 – Registered Options Principal Examination
  • Series 53 – Municipal Securities Principal Examination
  • Series 24 – General Securities Principal Examination

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 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.