Melanie Werthmuller Allegedly Recommended an Unsuitable Investment

Melanie Werthmuller (CRD #: 6001610), a broker registered with Fidelity Brokerage Services, allegedly gave an unsuitable investment recommendation, according to her BrokerCheck record, accessed on December 26, 2022. Investors may have also engaged her services through Fidelity Personal and Workplace Advisors. Keep reading to learn more about her alleged conduct as a broker.

Investor Dispute

On November 1, 2022, an investor alleged that Melanie Werthmuller made an unsuitable investment recommendation. The client seeks $73,000 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 take into account the information contained in an investor’s profile, such as their tax status, risk tolerance, and age.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Melanie Werthmuller 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 10 – General Securities Sales Supervisor – General Module Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination

Melanie Werthmuller is a registered broker in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands. She is also a registered investment adviser in Connecticut, New York, and Texas.

She has also worked for the following firms:

• Strategic Advisers (CRD#:104555)
• Morgan Stanley (CRD#:149777)
• AXA Advisors (CRD#:6627)

Kurta Law Can Help

If you worked with Melanie Werthmuller and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.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.