Randy Cox Subject of an Alternative Investment Dispute

Randy Cox (CRD #: 2544998), a broker registered with Osaic Wealth, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on February 23, 2024. Keep reading if you have questions regarding his alleged conduct. 

Alternative Investment Allegations

On November 28, 2023, an investor alleged that Randy Cox sold him an unsuitable alternative investment. The investor is seeking $100,000.

What is an Unsuitable Investment?

Alternative investments are often unsuitable because of their high risk. 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 

Randy Cox has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination
• Series 24 General Securities Principal Examination 

He is a registered broker in 20 states and is a registered investment adviser in Florida and Texas.

During his 29 years of experience, he has registered with three firms: 

• Osaic Wealth (CRD #: 23131) 
• FSC Securities Corporation (CRD #: 7461)
• Cox-Springer Financial Advisors (CRD #: 138670) 

Kurta Law Can Help 

If you have worked with Randy Cox 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.