Did Rachel Couch Recommend Unsuitable Annuity Contracts?
Rachel Couch (CRD #: 6588639), a broker and investment advisor registered with Ameriprise Financial Services, is involved in an investor dispute, according to her BrokerCheck record, accessed on January 6, 2022. According to the allegations filed on October 26, 2021, Rachel Couch recommended unsuitable annuity contracts.
The damage amount requested was $54,166.16; however, the dispute was denied. Investors should know that a denial does not necessarily mean the end of the dispute. You can still seek FINRA arbitration and recover your losses following a denial.
FINRA Rule 2111
Brokers must consider the factors listed below when recommending investments to investors.:
- The investor’s current financial state and tax status
- The investor’s financial goals
- The investor’s risk tolerance
According to FINRA Rule 2111, brokers may be liable for investor unsuitability claims if they fail to take the factors listed above into account and recommend investments that are not suitable. A broker must have exercised due diligence and have an adequate reason for believing that an investment will be suitable or beneficial for the investor.
To prove an unsuitability claim, you must establish that:
- A transaction took place between yourself and the broker
- You sustained damages (lost money)
- The broker was aware of your financial situation
Rachel Couch has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Rachel Couch is a registered broker in three states. She is also a registered investment advisor in Texas.
Other than Ameriprise Financial Services, Rachel Couch has not worked with any other firm.
Kurta Law Can Help
If you have worked with Rachel Couch and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or email@example.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 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.