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Natalie Barraza Allegedly Recommended Unsuitable Investments

Feb 24, 2023 Unsuitable Investments

Natalie Barraza (CRD #: 6126502), a broker registered with J.P. Morgan Securities, allegedly gave unsuitable investment recommendations, according to her BrokerCheck record, accessed on February 16, 2023. Keep reading if you want to know more about her alleged conduct as a broker.

Investor Dispute

On January 23, 2023, an investor alleged that Natalie Barraza made unsuitable investment recommendations between January 3 and December 30, 2022. The client seeks $78,503 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 examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investment will be held)
  • Investing experience
  • Tax status

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

Background Information

Natalie Barraza has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Natalie Barraza is a registered broker in 19 states and a registered investment adviser in Illinois and Texas.

Kurta Law Can Help

If you worked with Natalie Barraza and you have concerns about your investments, please contact us today at 877-600-0098 or 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.