Investor Alleged Lynda Martinsen Recommended Unsuitable Life Insurance Policy
Lynda Martinsen (CRD #: 4733436), a broker registered with Ameriprise Financial Services, allegedly made an unsuitable investment recommendation, according to her BrokerCheck record, accessed on April 18, 2022. Keep reading to learn more about Lynda Martinsen’s conduct as a broker.
Alleged Unsuitable Recommendation
An investor filed a dispute on January 25, 2022, alleging that Lynda Martinsen recommended an unsuitable universal life insurance policy to them in 2015. The firm denied the dispute.
However, firms can deny disputes without permitting outside review. Investors may still be able to recoup their losses after a denial by pursuing FINRA arbitration.
FINRA Rule 2111
Unsuitable investment recommendations violate FINRA Rule 2111, which requires brokers to match investments to their clients’ profiles. Investors’ profiles contain information including their risk tolerance, tax status, and other investments. Some investments, like variable universal life insurance policies (VULs), come with risks that make them unsuitable for many investors.
Investors who rely on broker recommendations can recover money lost through unsuitable recommendations by seeking FINRA arbitration.
Lynda Martinsen has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Lynda Martinsen is a registered broker in 9 states and a registered investment adviser in Florida and Texas.
She has also worked for Equitable Advisors (CRD#:6627).
Kurta Law Can Help
If you worked with Lynda Martinsen and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.com 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.