Kerrie Lynn Best (CRD #2834846) Has Customer Dispute Disclosures on FINRA BrokerCheck

Kerrie Lynn Best (CRD #2834846) is a broker with customer dispute disclosures on FINRA BrokerCheck. We reviewed her BrokerCheck report on June 15, 2026. It reflects four customer dispute disclosures. If you invested with Kerrie Best and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Kerrie Best’s FINRA BrokerCheck Report reflects four customer dispute disclosures. Summaries of two disputes are below. Two additional customer dispute disclosures remain in this category. This section does not summarize them.

On April 20, 2026, a customer alleged Kerrie Best did not provide active management while collecting fees. The customer sought $30,000 in damages. Kerrie Best’s FINRA BrokerCheck report lists the product as a mutual fund. Raymond James & Associates, Inc. denied the claim on May 13, 2026.

On August 15, 2011, a customer alleged misrepresentation involving auction rate securities and closed-end funds. Raymond James & Associates, Inc. settled the matter for $50,000. Kerrie Best’s FINRA BrokerCheck report says Best did not contribute to the settlement. Best’s statement says the settlement involved a firmwide agreement to repurchase auction rate securities.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 covers recommendations involving securities or investment strategies. A broker must have a reasonable basis for the recommendation. Customer disputes may question whether a product or strategy fit the investor.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires high standards of commercial honor. It also requires just and equitable principles of trade. Misrepresentation claims may raise questions about these standards.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

3. Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

4. Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on her FINRA BrokerCheck report, Kerrie Best:

Is currently registered with Raymond James & Associates, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Kerrie Best has passed Series 7 and Series 3. She has also passed Series 65 and Series 63.

Was previously registered with firms that include Morgan Stanley, Morgan Stanley DW Inc., and Prudential Securities Incorporated.

Kurta Law Can Help

If you have worked with Kerrie Best and have concerns about her activity, Kurta Law may be able to help. A securities attorney can evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Fraud | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, a lawyer can review the facts. Counsel can explain possible next steps.