Linda Derickson is Facing an Investor Dispute Alleging Negligence

Linda Derickson (CRD #: 2335572), a broker registered with Founders Financial Securities, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on April 16, 2024. Keep reading if you have questions regarding her alleged conduct. 

Investor Dispute

On December 13, 2024, an investor alleged that Linda Derickson engaged in negligence and improper conduct. They further alleged violations of applicable laws and industry rules as they relate to the sale of an illiquid product in a retirement account. The investor is seeking $90,000. 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

FINRA Rule 2111 – Unsuitable Illiquid Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid investments often do not suit a client’s best interests. Investments that do not take these factors into account may be unsuitable. 

Background Information 

Linda Derickson 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 

She is a registered broker in eight states and D.C. She is a registered investment adviser in Maryland. 

During her 30 years of experience, Linda Derickson has registered with eight firms. These are the four most recent: 

• Founders Financial Securities (CRD #: 137945) 
• Jefferson Pilot Securities Corporation (CRD #: 3870) 
• UVest Financial Services Group (CRD #: 13787) 
• Essex National Securities (CRD #: 25454) 

Kurta Law Can Help 

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