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Olivier Allain is the Subject of a Suitability Dispute

Olivier Allain (CRD #: 4265775), a broker registered with Cetera Wealth Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 28, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On August 19, 2025, a trustee of the client alleged that Olivier Allain delayed acting on updated Trust documents. Additionally, the Trustee alleged that some investments in the Trust accounts may not have been suitable.

What is an Unsuitable Investment?

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

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

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

Background Information

Olivier Allain has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He has registered with the following firms:

  • Cetera Wealth Services (CRD #: 13572)
  • Cetera Investment Advisors (CRD #: 105644)
  • Cambridge Investment Research Advisors (CRD #: 134139)
  • Cambridge Investment Research (CRD #: 39543)
  • LPL Financial (CRD #: 6413)
  • Edward Jones (CRD #: 250)
  • Continental Broker-Dealer Corp. (CRD #: 14048)
  • Dean Witter Reynolds (CRD #: 7556)

Kurta Law Can Help

If you worked with Olivier Allain 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. 

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