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Karen Degro Has 17 Investor Disputes on Her Record

Karen Degro (CRD #: 5048237), a broker registered with Herbert J. Sums & Co, has 17 investor disputes on her record. These disputes appear on her BrokerCheck record, accessed on April 8, 2024. Keep reading if you have questions regarding her alleged conduct as a broker. 

Investor Allegations

There are six investor disputes on her record from 2019 alone. These disputes all alleged that Karen Degro recommended unsuitably risky Puerto Rico investments. They collectively settled for approximately $1,565,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

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

Background Information 

Karen Degro has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

She is a registered broker and investment adviser in Florida and Puerto Rico. She is also a registered broker in California and Pennsylvania. 

Kurta Law Can Help 

If you have worked with Karen Degro and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.

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