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Linda Schnell Allegedly Executed Unsuitable Investment Strategy

Jul 24, 2023 Unsuitable Investments

Linda Schnell (CRD #: 2622613), a broker registered with Morgan Stanley, allegedly executed an unsuitable investment strategy, according to her BrokerCheck record, accessed on July 17, 2023. Read on if you have questions about her alleged conduct as a broker.

Investor Dispute

On June 8, 2023, an investor alleged that Linda Schnell executed an unsuitable investment strategy in their account from 2020-2022. The client seeks $330,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the information contained in an investor’s profile, such as their tax status, risk tolerance, and age.

Brokers must also ensure that their recommended investment strategies are suitable for their clients. Overconcentration in a single stock or sector is a common example of an investment strategy that can expose an investor to an unsuitable degree of risk.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Linda Schnell 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

Linda Schnell is a registered broker in 21 states and a registered investment adviser in New Jersey and Texas.

She has also worked for Citigroup Global Markets (CRD#:7059) and UBS PaineWebber (CRD#:8174).

Kurta Law Can Help

If you worked with Linda Schnell 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.