Marc Drew is the Subject of a Suitability Dispute

Marc Drew (CRD #: 4659088), a broker registered with Equitable Advisors, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on February 27, 2024. Keep reading if you have questions about his alleged conduct. 

Investor Dispute

On November 21, 2023, an investor alleged that Marc Drew recommended an unsuitable Real Estate Investment Trust (REIT). 

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. Non-traded REITs are especially risky because they are not traded on the public exchange, making them difficult or impossible to sell. 

FINRA Rule 2111 – Unsuitable 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. Investments that do not take these factors into account may be unsuitable. 

Background Information 

Marc Drew has passed the following exams:

• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in nine states. 

During his 20 years of experience, Marc Drew has registered with three firms: 

• Equitable Advisors (CRD #: 6627) 
• MML Investors Services (CRD #: 10409) 
• MetLife Securities (CRD #: 14251) 
• AXA Advisors (CRD #: 6627) 

Kurta Law Can Help 

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