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Investor Alleges Katie Beres Recommended Unsuitable Investment Strategy

Katie Beres (CRD #: 2327935), a broker registered with Morgan Stanley, is involved in a pending investor dispute, according to her BrokerCheck record, accessed on April 22, 2022. Read on to learn more about Katie Beres’s conduct as a broker.

Investor Dispute

On January 14, 2022, an investor filed a dispute alleging Katie Beres made an unsuitable recommendation to open a portfolio loan account and use it to pay off the mortgage for her home from 2016 to 2022. The investor also alleged other unspecified violations. This dispute remains pending.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment and strategy recommendations to investors’ profiles. These profiles include information such as an investor’s age, risk tolerance, and overall financial situation.

Investors who lose money through unsuitable investment recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Katie Beres 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 7 – General Securities Representative Examination

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

She has also worked for the following firms:

  • Morgan Stanley & Company (CRD#:8209)
  • Morgan Stanley (CRD#:7556)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • A. G. Edwards & Sons (CRD#:4)
  • Painewebber Incorporated (CRD#:8174)

Kurta Law Can Help

If you worked with Katie Beres and you have concerns about your investments, please contact us today at 877-600-0098 or 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 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.