Richard Tidwell is the Subject of a Suitability Dispute

Richard Tidwell (CRD #: 2728487), a broker registered with LPL Financial, is teh subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 16, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 27, 2024, an investor alleged that Richard Tidwell recommended an unsuitable investment. The dispute was denied. Investors should know, however, that firms can deny disputes without any external review. 

On August 22, 2019, an investor alleged that Richard Tidwell made a poor recommendation of an unsuitable limited partnership fund. The investor sought $300,000 and the dispute settled for $190,000. 

What is an Unsuitable Investment?

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 

Richard Tidwell has passed the following exams: 

• 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 16 states. 

Richard Tidwell has registered with the following exams: LPL Financial (CRD #: 6413) and WMA Securities (CRD #: 32625). 

Kurta Law Can Help 

If you have worked with Richard Tidwell 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.