Richard Crittenden Allegedly Sold Securities without Authorization
Richard Crittenden (CRD #: 1190153), a broker registered with Janney Montgomery Scott, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 26, 2024. Keep reading if you have questions regarding his alleged conduct.
Investor Allegations
On May 15, 2024, an executrix of an estate alleged Richard Crittenden sold securities in the Estate account without the authorization of the executrix, which allegedly led to a loss in value of the Estate assets.
Unauthorized Trading
FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.
High Standards of Commercial Honor
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Selling securities without authorization violates this rule.
Background Information
Richard Crittenden 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 31 Futures Managed Funds Examination
- Series 7 General Securities Representative Examination
He is a registered broker in 26 states and is a registered investment adviser in California, North Carolina, and Texas.
During his 40 years of experience, Richard Crittenden has registered with the following firms:
- Janney Montgomery Scott (CRD #: 463)
- CitiGroup Global Markets (CRD #: 7059)
- Legg Mason Wood Walker (CRD #: 6555)
- Legg Mason Masten (CRD #: 2)
Kurta Law Can Help
If you have worked with Richard Crittenden 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.