Investor Alleges Jordan Rodriguez Recommended an Unsuitable Investment Strategy

Jordan Rodriguez (CRD #: 6651428), a broker registered with Cambridge Investment Research, allegedly recommended an unsuitable investment strategy, according to his BrokerCheck record, accessed on June 28, 2023. Investors may have also worked with him through Wernick Spear Wealth Managers or Cambridge Investment Research Advisors. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On April 6, 2023, an investor alleged that Jordan Rodriguez recommended an investment strategy that was too risky for the client. They sought $200,000 in damages but the dispute was denied by the firm.

Investors should be aware, however, that firms don’t need to allow an outside review before denying a dispute. Investors can still seek out FINRA arbitration and may be able to recover their funds after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must take into account an investor’s age, risk tolerance, tax status, and other information described in their profile.

Suitability also applies to investment strategies. Overconcentration, for instance, may come with a level of risk beyond what is appropriate for many investors’ financial goals.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Jordan Rodriguez has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Jordan Rodriguez is a registered broker in 25 states and a registered investment adviser in Ohio and Texas.

He has also worked for Wells Fargo Clearing Services (CRD#:19616).

Kurta Law Can Help

If you worked with Jordan Rodriguez 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 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.