Rainer Hohlbein Allegedly Recommended an Unsuitable Investment

Rainer Hohlbein (CRD #: 1282146), a broker previously registered with LPL Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on June 10, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On May 2, 2024, investors alleged that Rainer Hohlbein recommended an unsuitable investment recommendation in light of his investor’s objectives and risk tolerance. 

The broker has one other settled investor dispute on his record. 

What is an Unsuitable Investment?

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

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

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

Background Information 

Rainer Hohlbein has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• 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 

During his 27 years of experience, Rainer Hohlbein has registered with six firms: 

• LPL Financial (CRD #: 6413) 
• UVest Financial Services Group (CRD #: 13787) 
• Vision Investment Services (CRD #: 46609) 
• Northwestern Mutual Investment Services (CRD #: 2881) 
• Sentry Equity Services (CRD #: 5069) 
• American General Securities (CRD #: 13626) 

Kurta Law Can Help 

If you have worked with Rainer Hohlbein 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.