Karen Briggs Allegedly Recommended Unsuitable Investments

Karen Briggs (CRD #: 1100275), a broker formerly registered with LPL Financial, allegedly recommended unsuitable investments, according to her BrokerCheck record, accessed on March 5, 2025. Keep reading if you have questions about her alleged conduct as a broker.

Investor Disputes

On January 6, 2025, an investor alleged that Karen Briggs made an unsuitable investment recommendation that was not in the client’s best interest. This dispute was denied by the firm.

A similar dispute, filed on July 2, 2021, alleged that Karen Briggs gave unsuitable investment recommendations. The firm denied this dispute as well.

However, investors can still pursue FINRA arbitration and potentially recover their losses even if a firm denies their dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account the information described in an investor’s profile, such as their age, risk tolerance, investing experience, and other investments.

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

Regulation Best Interest

Regulation Best Interest expands on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation.

These obligations and duties require brokerage firms to disclose conflicts of interest. Firms must also research the market for investments that could offer similar benefits at a lower cost prior to making a recommendation. 

Background Information

Karen Briggs has passed the following exams:

• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63
• Uniform Investment Adviser Law Examination – Series 65

She previously worked for the following firms:

• LPL Financial (CRD#:6413)
• Securities Service Network (CRD#:13318)
• SagePoint Financial (CRD#:133763)
• National Planning Corporation (CRD#:29604)
• Cadaret, Grant & Company (CRD#:10641)

Kurta Law Can Help

If you worked with Karen Briggs 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 that 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.