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Paul Jones Allegedly Made Unsuitable Investment Recommendations

Paul Jones (CRD #: 2920042), a broker registered with Independent Financial Group, is involved in an investor dispute, according to his BrokerCheck record, accessed on February 16, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On January 18, 2023, multiple filed a dispute alleging that Paul John recommended unsuitable investments. The clients seek $50,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles describe certain investor characteristics, including the following:

  • 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

Paul Jones has passed the following exams:

  • 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

Paul Jones is a registered broker in six states.

He has also worked for the following firms:

  • Investors Capital Corporation (CRD#:30613)
  • National Planning Corporation (CRD#:29604)
  • SunAmerica Securities (CRD#:20068)

Kurta Law Can Help

If you worked with Paul Jones 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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