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Kaye Kessler is Facing a REIT Dispute

Kaye Kessler (CRD #: 1456432), a previously registered broker with Osaic Wealth, is the subject of a REIT dispute. This disclosure appears on her BrokerCheck record, accessed on May 31, 2024. Keep reading if you have questions regarding her alleged conduct. 

Investor Allegations 

On March 5, 2024, an investor alleged that Kaye Kessler recommended an unsuitable REIT. The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover funds following a denial. 

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. Non-traded REITs are especially risky because they are not traded on the public exchange, making them difficult or impossible to sell. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable

Background Information 

Kaye Kessler has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 51 Municipal Fund Securities Principal Examination 
  • Series 24 General Securities Representative Examination 

During his 37 years of experience, Kaye Kessler has registered with five firms:

  • Osaic Wealth (CRD #: 23131) 
  • SagePoint Financial (CRD #: 133763) 
  • Sentra Securities Corporation (CRD #: 10249) 
  • Kaztex Securities (CRD #: 13591) 
  • Elan Investment Services (CRD #: 14536) 

Kurta Law Can Help 

If you have worked with Kaye Kessler and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.