Randy Salaki Subject of a Suitability Dispute

Randy Salaki (CRD #: 4628239), a broker registered with JP Morgan Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on January 26, 2023. Keep reading if you have questions regarding his alleged conduct. 

On October 19, 2023, Randy Salaki allegedly recommended an unsuitable investment. The investor sought $50,000 but the dispute was denied. Investors should know, however, that investors can deny disputes without any external review. Investors can still recover losses following a denial via FINRA arbitration.

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk.

Background Information 

Randy Salaki has passed the following exams:

• Series 66 Uniform Combined State 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 

He is a registered broker in 19 states and is a registered investment adviser in California and Texas. 

In his 20 years of experience, Randy Salaki has registered with seven firms: 

• JP Morgan Securities (CRD #: 79) 
• Chase Investment Services (CRD #: 25574) 
• U.S. Bancorp Investments (CRD #: 17868) 
• Chase Investment Services (CRD #: 25574) 
• Wamu Investments (CRD #: 599) 
• UBS Financial Services (CRD #: 8174) 
• MetLife Investors Distribution Company (CRD #: 107622) 
• MetLife Investors Distribution Company (CRD #: 6695) 

Kurta Law Can Help 

If you have worked with Randy Salaki 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