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Investor Alleges Joshua Alloway Sold an Unsuitable Product

Joshua Alloway (CRD #: 5756796), a broker registered with Equitable Advisors, is involved in a pending dispute, according to his BrokerCheck record, accessed on July 10, 2022. Keep reading if you have questions about Joshua Alloway’s conduct as a broker.

Investor Dispute

On May 22, 2022, an investor alleged that Joshua Alloway sold them an unsuitable investment product in 2021. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s financial goals. Brokers must take into account the information described in an investor’s profile, including 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 were caused by unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Joshua Alloway 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

Joshua Alloway is a registered broker and a registered investment adviser in 12 states.

Kurta Law Can Help

If you worked with Joshua Alloway 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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