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Richard Ure Allegedly Failed to Disclose Mutual Fund Surrender Fees

Richard Ure (CRD #: 5027858), a broker registered with Gradient Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on February 27, 2024. If you have questions concerning his alleged conduct, keep reading. 

Investor Allegations 

On November 21, 2023, investors alleged that Richard Ure recommended unsuitable investments and incurred excessive fees. They further alleged he failed to disclose the surrender penalties associated with the sale of mutual funds and a fixed index annuity. The investor is seeking $99,000. 

What is a Mutual Fund? 

A mutual fund is a portfolio of investments that allows investors to pool their wealth. They can be passively or actively managed. Brokers may earn a large commission from these funds, making them frequent objects of fraudulent trading practices. They also frequently feature significant surrender fees. 

FINRA Rule 2020 – Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees. 

Background Information 

Richard Ure 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 6 Investment Company Products / Variable Contracts Representative Examination

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

Richard Ure has registered with the following firms: 

  • Gradient Securities (CRD #: 127701) 
  • LPL Financial (CRD #: 6413) 
  • National Planning Corporation (CRD #: 29604) 
  • FSC Securities Corporation (CRD #: 7461) 
  • Advantage Capital Corporation (CRD #: 146) 

Kurta Law Can Help 

If you have worked with Richard Ure and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.