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Laura Greaser Allegedly Failed to Act in Client’s Best Interest

May 24, 2023 Investor Disputes

Laura Greaser (CRD #: 4695816), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly failed to act in a client’s best interest, according to her BrokerCheck record, accessed on May 15, 2023. If you have questions about her alleged conduct as a broker, read on.

Investor Dispute

On February 3, 2023, an investor alleged that Laura Greaser failed to act in his best interest with regard to his account in January 2023. This dispute was denied by the firm.

Investors should be aware, however, that firms don’t need to allow an outside review before denying a dispute. Investors can still seek out FINRA arbitration and potentially recoup their losses after a denial.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which describes their age, risk tolerance, and other information.

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Laura Greaser has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

Laura Greaser is a registered broker in 29 states and a registered investment adviser in Texas.

She has also worked for Ameriprise Financial Services (CRD#:6363) and IDS Life Insurance Company (CRD#:6321).

Kurta Law Can Help

If you worked with Laura Greaser and you have concerns about your investments, please contact us today at 877-600-0098 or 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.