Robert Krakower is the Subject of an Alternative Investment Dispute

Robert Krakower (CRD #: 2075184), a previously registered broker with LPL Financial, is facing an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 20, 2024. Investors should know that this is the fourth investor dispute on his record. 

Investor Dispute

On December 19, 2023, an investor alleged that Robert Krakower recommended an unsuitable, illiquid alternative investment. 

Unsuitable Investments

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Excessive trading, which violates the need for quantitative suitability. This means that the number of trades must suit an investor’s goals. Excessive trading is also known as “churning.” 
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.

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

Background Information 

Robert Krakower 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 
• Series 24 General Securities Principal Examination 

During his 28 years of experience, Robert Krakower has registered with six firms: 

• LPL Financial (CRD #: 6413) 
• Centaurus Financial (CRD #: 30833) 
• Securities America (CRD #: 10205) 
• Pacific Coast Financial Securities (CRD #: 29267) 
• Lazar Frederick & Company (CRD #: 15615) 
• Amev Investors (CRD #: 421) 

Kurta Law Can Help 

If you have worked with Robert Krakower 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.