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Karen Zicht Embroiled in Investor Dispute for Allegedly Failing to Follow Instructions

Dec 28, 2021 Investor Disputes

Karen Zicht (CRD #:5621873), a registered broker and investment advisor with Transamerica Financial Advisors, is involved in an investor dispute, according to her BrokerCheck record, accessed on November 28, 2021. Keep reading for more details if you are concerned about Karen Zicht's conduct as a broker. 

Investor Allegations 

On October 8, 2021, a dispute was filed against Karen Zicht after failing to follow her client's instructions. The client alleges that she told Karen Zicht to close her Jackson National Life Insurance account, which had a balance of $13,751.85. Karen Zicht allegedly instead closed the wrong Jackson National Life Insurance, which had a balance of $69,126.46.  

The damage amount requested is $55,374.61; the case is still pending. 

It is the duty of a broker to perform a customer's orders promptly in a manner best suited to serve the customer's best interest. Failure to follow customer instructions, both as directed and in a timely manner, violates FINRA Rule 2010, which requires all registered members to observe high standards of commercial honor and just principles in their business dealings. 

When a broker fails to follow your instruction or execute your order promptly, you may be able to recover your investment losses through FINRA arbitration. 

Background Information 

Karen Zicht has passed the following exams: 

  • Series 66 - Uniform Combined State Law Examination 
  • SIE - Securities Industry Essentials Examination 
  • Series 7 - General Securities Representative Examination 
  • Series 26 - Investment Company Products/Variable Contracts Principal Examination 

Karen Zicht is a registered broker in seven states. She is also a registered investment advisor in Florida. 

Besides Transamerica Financial Advisors, Karen Zicht has worked with the following firms: 

  • Independent Financial Partners (CRD#:125112) 
  • LPL Financial (CRD#:6413) 
  • Ameriprise Financial Services (CRD#:6363) 

Kurta Law Can Help 

If you have worked with Karen Zicht and have concerns about your investments, don't hesitate to contact us today 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 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.