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Nelisha Firestone Allegedly Recommended Unsuitable Investments

Nelisha Firestone (CRD #: 4757263), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on June 10, 2024. Investors may have engaged her services via Firestone Financial Group. Keep reading if you have questions regarding her alleged conduct. 

Investor Allegations 

On May 2, 2024, investors alleged that Nelisha Firestone made an investment that was unsuitable for the customer’s investment objectives and risk tolerance. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains 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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Nelisha Firestone 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 31 Futures Managed Funds Examination 
  • Series 7 General Securities Representative Examination  

She is a registered broker in 18 states and is a registered investment adviser in Colorado and Texas. 

During his 20 years of experience, Nelisha Firestone registered with two firms: LPL Financial (CRD #: 6413) and Edward Jones (CRD #: 250). 

Kurta Law Can Help 

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