Nancy Biddle Allegedly Recommended an Unsuitable Sale of Alternative Investments

Nancy Biddle (CRD#: 2134532), a broker registered with Osaic Wealth, is the subject of an investor dispute. This disclosure appears on her BrokerCheck record, accessed on September 18, 2024. Keep reading if you have questions regarding her alleged conduct. 

Investor Allegations 

On August 8, 2024, an investor alleged that Nancy Biddle recommended an unsuitable sale of alternative investments without informed consent. The investor is seeking $100,000. 

This is the fourth investor dispute on his record. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Background Information 

Nancy Biddle has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• 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 

She is a registered investment adviser and broker in Florida and is a registered broker in Virginia. 

During her 32 years of experience, Nancy Biddle has registered with eight firms. These are the four most recent: 

• Osaic Wealth (CRD #: 23131) 
• FSC Securities Corporation (CRD #: 7461) 
• National Planning Corporation (CRD #: 29604) 
• Advantage Investment Management (CRD #: 146236) 

Kurta Law Can Help 

If you worked with Nancy Biddle and you 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.