Kelly Hubrig Allegedly Recommended an Unsuitable, Illiquid Investment

Kelly Hubrig (CRD #: 4636268), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on May 3, 2024. Keep reading if you have questions regarding her alleged conduct. 

Investor Allegations 

On February 14, 2024, an investor alleged that Kelly Hubrig sold them an unsuitably illiquid investment. The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover losses following a denial.

FINRA Rule 2111 – Unsuitable, Illiquid 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. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments often do not suit a client’s best interests. 

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Kelly Hubrig has passed the following exams: 

• Series 66 – Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

She is a registered broker in 14 states and is a registered investment adviser in North Dakota, Oklahoma, South Carolina, South Dakota, and Utah. 

Kelly Hubrig has registered with the following firms: 

• LPL Financial (CRD #: 6413) 
• Cetera Investment Advisers (CRD # 105644) 
• Cetera Investment Services (CRD #: 15240) 
• Bancwest Investment Services (CRD #: 29357) 
• Primevest Financial Services (CRD #: 15340) 

Kurta Law Can Help 

If you have worked with Kelly Hubrig 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.