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Richard Acker is Facing an Alternative Investment Dispute

Richard Acker (CRD #: 3061037), a broker registered with Centaurus Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 1, 2024. Keep reading if you have questions regarding this alleged conduct.

Investor Disputes

On January 30, 2024, an investor alleged that Richard Acker recommended unsuitable various illiquid alternative investments. The investor is seeking $500,000. 

FINRA Rule 2111 – Unsuitable Illiquid 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. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid investments often do not suit a client’s best interests. Investments that do not take these factors into account may be unsuitable. 

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

Background Information 

Richard Acker has passed the following exams: 

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

He is a registered broker in New York. 

Richard Acker has registered with the following firms: 

  • Centaurus Financial (CRD #: 30833)  
  • NYLife Securities (CRD #: 5167) 
  • MetLife Securities (CRD #: 14251) 
  • Metropolitan Life Insurance Company (CRD #: 4095) 
  • Mony Securities Corporation (CRD #: 4386) 

Kurta Law Can Help 

If you have worked with Richard Acker 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.

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