Pamela Calhoun Allegedly Overconcentrated an Investor’s Account

Pamela Calhoun (CRD #: 4216320), a broker registered with Fidelity Brokerage Services, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on April 2, 2024. Keep reading if you have questions regarding her alleged conduct as a broker. 

Investor Allegations 

On January 26, 2024, an investor alleged that Pamela Calhoun overconcentrated them in an unsuitable investment. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.

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

Background Information 

Pamela Calhoun 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 

She is a registered broker in 50 states, D.C., and Puerto Rico. She is also a registered investment adviser in Georgia and Texas. 

During her 20 years of experience, Pamela Calhoun has registered with eight firms. These are the six most recent. 

• Fidelity Brokerage Services (CRD #: 7784) 
• Fidelity Personal and Workplace Advisors (CRD #: 288590) 
• Cetera Investment Advisers (CRD #: 105644)
• Cetera Investment Services (CRD #: 15340) 
• Scottrade Investment Management (CRD #: 169988) 
• Scottrade (CRD #: 8206) 

Kurta Law Can Help 

If you have worked with Pamela Calhoun and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.