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Nisreen Byrne Allegedly Gave Unsuitable Investment Recommendation

Nisreen Byrne (CRD #: 2223199), a broker registered with J.P. Morgan Securities, allegedly recommended an unsuitable investment to a client, according to her BrokerCheck record, accessed on April 21, 2023. Keep reading to learn more about her alleged conduct as a broker.

Investor Dispute

On March 10, 2023, an investor alleged that Nisreen Byrne made an unsuitable investment recommendation on June 11, 2020. The client seeks $100,000 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 take into account the information described in an investor’s profile, such as their tax status, risk tolerance, and other investments.

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

Nisreen Byrne 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

Nisreen Byrne is a registered broker in 48 states as well as the District of Columbia and Puerto Rico. She is also a registered investment adviser in Michigan and Texas.

She has also worked for the following firms:

  • Chase Investment Services (CRD#:25574)
  • Banc One Securities Corporation (CRD#:16999)     
  • First Chicago NBD Investment Services (CRD#:17516)
  • Essex National Securities (CRD#:25454)

Kurta Law Can Help

If you worked with Nisreen Byrne 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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