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Investors Allege Nick Therrien Recommended Unsuitable Investments

Nick Therrien (CRD #: 4468021), a broker registered with PFS Investments, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on June 20, 2023. Investors may have also engaged his services through Primerica Advisors. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On April 26, 2023, multiple investors filed a dispute alleging that Nick Therrien gave unsuitable investment recommendations and facilitated unsuitable investments in their accounts. They seek $500,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must consult the investor’s profile, which describes the following characteristics:

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

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

Background Information

Nick Therrien 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 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

Nick Therrien is a registered broker in 19 states and a registered investment adviser in New Hampshire and Texas.

Kurta Law Can Help

If you worked with Nick Therrien 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. 

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