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Ross Brenner Allegedly Selected Unauthorized Investments

Ross Brenner (CRD #: 5680867), a broker registered with Valic Financial Advisors, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on February 2, 2024. Keep reading if you have questions regarding this dispute. 

On October 16, 2023, an investor alleged that Ross Brenner ignored her instructions and placed her into an aggressively allocated account which she did not authorize. “Aggressive” investments take on significant risk and may not be suitable for all investors. 

The investor is seeking $90,000. 

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 

Ross Brenner has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered investment adviser and broker in Florida. 

Ross Brenner has registered with the following firms: 

  • Valic Financial Advisors (CRD #: 42803)
  • Park Avenue Securities (CRD #: 46173) 

Kurta Law Can Help 

If you have worked with Ross Brenner and you 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.