Kerri Patrick Allegedly Made Misleading Recommendations

Kerri Patrick (CRD #: 2365726), a broker registered with LPL Financial, allegedly made unsuitable recommendations, according to her BrokerCheck record, accessed on June 2, 2023. Keep reading to learn more about her alleged conduct as a broker.

Investor Dispute

On March 3, 2023, an investor alleged that Kerri Patrick made unsuitable and misleading recommendations in relation to alternative investments. The client seeks $50,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must take into account an investor’s tax status, age, risk tolerance, and other information described in their profile.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential returns, risks, or fees.

Background Information

Kerri Patrick 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
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Kerri Patrick is a registered broker in 18 states and a registered investment adviser in Oregon and Texas.

She has also worked for the following firms:

• SagePoint Financial (CRD#:133763)
• SunAmerica Securities (CRD#:20068)
• Commonwealth Financial Network (CRD#:8032)
• Wall Street Financial Group (CRD#:35830)
• Allmerica Investment Management Company (CRD#:105796)
• Allmerica Investments (CRD#:3960)

Kurta Law Can Help

If you worked with Kerri Patrick and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.