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Richard Campbell Allegedly Recommended Unsuitable Investments

May 5, 2023 Unsuitable Investments

Richard Campbell (CRD #: 1246641), a broker registered with Ameriprise Financial Services, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on April 28, 2023. If you want to know more about his alleged conduct as a broker, read on

Pending Dispute

On February 23, 2023, multiple trusts filed a dispute alleging that Richard Campbell made unsuitable investment recommendations and failed to provide full accounting from 2015 to 2023. This pending dispute seeks $100,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile. These profiles describe the following investor characteristics:

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

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Richard Campbell 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 22 – Direct Participation Programs Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Richard Campbell is a registered broker in 14 states and a registered investment adviser in Kansas and Texas.

He has also worked for IDS Life Insurance Company (CRD#:6321) and IDS Financial Services (CRD#:6320).

Kurta Law Can Help

If you worked with Richard Campbell and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.