Investor Alleges Karry Maciak Misrepresented Investment

Karry Maciak (CRD #: 4332863), a broker registered with LPL Financial, has been the subject of several investor disputes, according to her BrokerCheck record, accessed on March 1, 2025. Keep reading if you have questions about her alleged conduct as a broker.

Investor Disputes

On December 27, 2024, an investor alleged that Karry Maciak misrepresented an investment purchased by the client in 2014. The firm denied the dispute.

However, investors should know that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration after a denial and may be able to recover their losses.

On March 19, 2024, an investor alleged that Karry Maciak recommended an investment in 2014 that was unsuitable for their risk tolerance and investment objectives. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s fees, risks, or potential returns.

FINRA Rule 2111

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 

Karry Maciak has passed the following exams: 

• General Securities Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Combined State Law Examination – Series 66

She is a registered broker in 16 states and is a registered investment adviser in California and Texas. 

Karry Maciak has registered with the following firms: 

• LPL Financial (CRD #: 6413) 
• BancWest Investment Services (CRD #: 29357) 
• Chase Investment Services Corp. (CRD #: 25574) 
• WaMu Investments (CRD #: 599) 
• Wachovia Securities (CRD #: 19616) 
• Atlas Securities (CRD #: 20991) 
• UBS Painewebber (CRD #: 8174) 

Kurta Law Can Help 

If you have worked with Karry Maciak 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.