Kurt Klingenberg is Facing Allegations of Excessive Trading

Kurt Klingenberg (CRD #: 2384065), a broker registered with Raymond James & Associates, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 3, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On January 23, 2024, an investor alleged that Kurt Klingenberg executed an excessive number of trades. The investor further alleged that the investments were not made in the best interests of the client. The investor is seeking $100,000 but the dispute was denied. Investors should know, however, that firms can deny disputes without any external review. 

What is Regulation Best Interest? 

Regulation Best Interest expands on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation. These obligations and duties require brokerage firms to disclose conflicts of interest.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of Reg BI also violate this rule. 

Background Information 

Kurt Klingenberg 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 

He is a registered broker in 38 states and D.C. He is a registered investment adviser in Texas. 

During his 30 years of experience, he has registered with two firms: Raymond James & Associates (CRD #: 705) and Edward Jones (CRD #: 250). 

Kurta Law Can Help 

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