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Lora Schneider is the Subject of Unsuitable Investment Allegations

Lora Schneider (CRD #: 5807080), a broker registered with Edward Jones, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on July 26, 2024. Keep reading if you have questions regarding her alleged conduct. 

Investor Allegations 

On May 15, 2024, an investor alleged that Lora Schneider did not have her best interest in mind when purchasing long-term maturity bonds and that those investments were not suitable given her age. 

Unsuitable, Lomg-Term 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, long-term investments often do not suit a client’s best interests. 

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Lora Schneider has passed the following exams: 

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

She is a registered broker in 27 states and is a registered investment adviser in Kansas and Texas. 

Kurta Law Can Help 

If you have worked with Lora Schneider 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.