Kathrine Russell is Facing Allegations of Overconcentration

Kathrine Russell (CRD #: 2856953) is the subject of an investor dispute. This disclosure appears on her BrokerCheck record, accessed on March 1, 2024. Keep reading if you have questions about her alleged conduct. 

Investor Allegations 

On November 17, 2023, an investor alleged that Kathrine Russell recommended the purchase of an unsuitable investment portfolio which was allegedly overconcentrated in certain money market funds. 

The investor is seeking $495,000. 

FINRA Rule 2111 – Unsuitable Overconcentration 

FINRA Rule 2111 prohibits unsuitable investment recommendations. Overoncenrated investments are often unsuitable because they expose the investor to unnecessary risk. Brokers are required to consider their investor’s risk tolerance when they make recommendations. 

Diversified portfolios expose investors to a broader swath of the market and lessen the chance that an investor will suffer major losses following a drop in share prices for a particular stock or sector. Investors who rely on brokers for recommendations may be able to recover losses following overconcentration by pursuing FINRA arbitration.

Background Information 

Kathrine Russell 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 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination

During her 25 years of experience, Kathrine Russell has registered with four firms: 

• Wells Fargo Clearing Services (CRD #: 19616) 
• Morgan Stanley Smith Barney (CRD #: 149777) 
• Morgan Stanley & Co. Incorporated (CRD #: 8209) 
• Morgan Stanley DW (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Kathrine Russell 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.