Norman Harp Subject of a Six-Figure Dispute

Norman Harp (CRD #: 2480563), a broker registered with BB Graham & Company, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record accessed on September 15, 2023. Keep reading for more details. 

On July 31, 2023, an investor alleged that Norman Harp recommended unsuitable investments and engaged in negligence. The investor is seeking $101,000. 

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

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Background Information

Norman Harp 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 62 Corporate Securities Limited Representative Examination 
• Series 22 Direct Participation Programs Representative Examination 
• Series 6 Investment Company Products/Variable Contracts Representative Examination 

He is a registered broker and investment adviser in Kansas and Missouri. 

Norman Harp has registered with the following firms: 

• BB Graham & Company (CRD #: 41533) 
• Retirement Resources (CRD #: 107996) 
• Moloney Securities (CRD #: 38535) 
• Levitt Betzelberger Weinrich (CRD #: 116373) 
• ProEquities (CRD #: 15708) 
• Honkamp Krueger Financial Services (CRD #: 106237) 
• Waddell & Reed (CRD #: 866) 
• Cohen Advisory Services (CRD #: 115540) 
• Royal Alliance Associates (CRD #: 23131) 
• Shepard & Associates (CRD #: 110471) 
• Cambridge Investment Research (CRD #: 39543) 

Kurta Law Can Help

If you worked with Norman Harp 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 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.