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Investor Names Jonathan Anderson in Suitability Dispute

Jonathan Anderson (CRD #: 5211270), a broker registered with Cetera Investment Services, was involved in a recent dispute, according to his BrokerCheck record, accessed on July 30, 2022. Investors may also have worked with him through Cetera Investment Advisers. If you want to know about Jonathan Anderson’s conduct as a broker, keep reading.

Investor Dispute

On June 1, 2022, an investor filed a dispute alleging that Jonathan Anderson made unsuitable recommendations. This dispute was denied by the firm.

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

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately suit an investor’s financial goals. Brokers must examine 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 believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Jonathan Anderson has passed the following exams:

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

Jonathan Anderson is a registered broker in Alabama, Florida, Georgia, North Carolina, and Tennessee. He is also a registered investment adviser in Alabama.

He has also worked for the following firms:

  • The Leaders Group (CRD#:37157)
  • LPL Financial (CRD#:6413)
  • Cetera Investment Services (CRD#:15340)

Kurta Law Can Help

If you worked with Jonathan Anderson 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.