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Investor Alleges Joseph Furlong Recommended Unsuitable Options Strategy

Joseph Furlong (CRD #: 2860447), a broker registered with UBS Financial Services, allegedly misrepresented an unsuitable investment strategy, according to his BrokerCheck record, accessed on August 21, 2022. If you have questions about Joseph Furlong’s conduct as a broker, read on.

Investor Dispute

On May 2, 2022, an investor alleged that Joseph Furlong recommended an unsuitable options overlay strategy and made misrepresentations relating to this strategy. The client seeks $500,000 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of fraudulent tactics, including manipulation and deception, to influence investors’ decisions. Misrepresentations and omissions of material facts related to investments violate this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their recommendations of investments and investment strategies to suit investors’ profiles. An investor’s profile describes their age, risk tolerance, investment goals, and other information.

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

Background Information

Joseph Furlong 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

Joseph Furlong is a registered broker in 16 states and the District of Columbia. He is also a registered investment adviser in New York.

Kurta Law Can Help

If you worked with Joseph Furlong 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. 

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