Nicole Middendorf Allegedly Recommended an Unsuitable Investment

Nicole Middendorf (CRD #: 3251084), a broker registered with Raymond James Financial Services, is the subject of an investor dispute. This disclosure appears on her BrokerCheck record, accessed on June 10, 2024. Keep reading if you have questions concerning her alleged conduct. 

Investor Allegations

On May 2, 2024, an investor alleged that Nicole Middendorf recommended an investment that did not suit their investment objectives and risk tolerance. 

Investors should know that there is one other settled dispute on her record. 

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 

Nicole Middendorf 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 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

She is a registered broker in 31 states and is a registered investment adviser in Minnesota and Texas. 

Nicole Middendorf registered with the following firms: 

• Prosperwell Financial (CRD #: 124648) 
• LPL Financial (CRD #: 6413) 
• Morgan Stanley DW (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Nicole Middendorf and 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.