Per Furmark Allegedly Engaged in Unauthorized Trading

Per Furmark (CRD #: 1617854), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 23, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 5, 2024, an investor alleged that Per Furmark engaged in unauthorized trading. The dispute was denied, but investors should know that investors can deny disputes without any external review. 

Unauthorized Trading

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Background Information 

Per Furmark has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 27 states and D.C. He is a registered investment adviser in Connecticut, New York, and Texas. 

During his 31 years of experience, Per Furmark has registered with 12 firms. These are the five most recent: 

• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Dolan Capital Group (CRD #: 154524) 
• Nile Capital (CRD #: 122994) 
• Putnam Retail Management Limited Partnership (CRD #: 7325) 
• Franklin Templeton Financial Services Corp. (CRD #: 13594) 

Kurta Law Can Help 

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