Investor Alleges Jonathan Krueger Recommended Unsuitable ETF
Jonathan Krueger (CRD #: 4416059), a broker registered with Larson Financial Securities, allegedly recommended an unsuitable exchange-traded fund, according to his BrokerCheck record, accessed on May 5, 2022. Read on if you want to know more about Jonathan Krueger’s conduct as a broker.
Alleged Unsuitable ETF Recommendation
In a dispute filed on March 18, 2022, an investor alleges Jonathan Krueger’s recommendation of ProShares Ultra VIX Short Term Futures ETF (UVXY) was unsuitable as a part of their portfolio strategy. The client seeks $70,576.31 in this pending dispute.
FINRA Rule 2111
Brokers must follow FINRA Rule 2111 when recommending investments and forming investment strategies. This rule defines suitable investments as those that match an investor’s profile.
An investor’s profile details their financial goals and other investments, as well as describing their tax status, age, and risk tolerance.
Investors who believe their losses were caused by an unsuitable investment strategy or recommendation can pursue FINRA arbitration to recover the damage.
What are exchange-traded funds?
Exchange-traded funds (ETFs) allow investors to pool their money in a bundle of assets, such as stocks, bonds, or currencies. However, the value of an ETF fluctuates according to the value of these underlying assets—which means investors stand to lose much or all of their investment if the ETF underperforms or fails completely.
Jonathan Krueger has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- Series 65 – Uniform Investment Adviser Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7TO – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 26 – Investment Company Products/Variable Contracts Principal Examination
Jonathan Krueger is a registered broker in Missouri and Washington. He is also a registered investment adviser in Missouri and Texas.
He has also worked for the following firms:
- Lion Street Advisors (CRD#:167610)
- Accelerated Wealth Advisors (CRD#:170022)
- PFS Investments (CRD#:10111)
Kurta Law Can Help
If you worked with Jonathan Krueger and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.