Kurt Baldry Allegedly Recommended Unsuitable Investments
Kurt Baldry (CRD #: 1568930), a broker registered with Ausdal Financial Partners, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on July 1, 2022. If you want to know more about Kurt Baldry’s conduct as a broker, keep reading.
In a dispute filed on December 28, 2020, an investor alleged that Kurt Baldry failed to perform due diligence and made unsuitable and improper investment recommendations. The client sought $500,000 in damages and received a settlement of $45,000.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must use the information provided in their client’s profile, such as their age, risk tolerance, and investment goals.
Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their losses through FINRA arbitration.
FINRA Rule 3110
Failure to supervise violates FINRA Rule 3110, which requires firms to establish systems of supervision to ensure they comply with securities regulations. Firms must appoint appropriately trained or experienced supervisors and create written supervisory procedures to guide them.
What qualifies as broker negligence?
Broker negligence includes the omission of relevant facts and unauthorized trading. Investors who feel their losses were caused by broker negligence may be able to recover their funds by seeking out FINRA arbitration.
Kurt Baldry 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 62 – Corporate Securities Limited Representative Examination
- Series 22 – Direct Participation Programs Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Kurt Baldry is a registered broker in 18 states and a registered investment adviser in Minnesota.
He has also worked for the following firms:
- Workman Securities (CRD#:31898)
- ING Financial Partners (CRD#:2882)
- Locust Street Securities (CRD#:1703)
- New England Securities (CRD#:615)
- AAL Distributors (CRD#:18387)
Kurta Law Can Help
If you worked with Kurt Baldry and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.