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Monica Sinha Allegedly Recommended Unsuitable Investment Strategy

Aug 15, 2022 Unsuitable Investments

Monica Sinha (CRD #: 3234116), a broker registered with Northwestern Mutual Investment Services, is the subject of a pending investor dispute, according to her BrokerCheck record, accessed on July 30, 2022. If you want to learn more about Monica Sinha’s conduct as a broker, read on.

Investor Dispute

On June 3, 2022, an investor alleged that Monica Sinha recommended an unsuitable investment strategy for their advisory account in or around September 2021. The investor is seeking $167,074.88 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 described in an investor’s profile, such as their risk tolerance, tax status, and age.

Brokers must also consider their investors’ goals when recommending investment strategies. Investors who feel their losses are the result of unsuitable recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Monica Sinha has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Monica Sinha is a registered broker in 23 states and a registered investment adviser in Minnesota.

She previously worked for Robert W. Baird & Company (CRD#:8158).

Kurta Law Can Help

If you worked with Monica Sinha 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.