Rowena Ruff Allegedly Recommended an Unsuitable Investment

Rowena Ruff (CRD #: 2905624), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on May 6, 2024. Keep reading if you have questions about her alleged conduct. 

Investor Allegations 

On February 8, 2024, an investor alleged that Rowena Ruff recommended an unsuitable investment. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investors’ 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 

Rowena Ruff 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 7 General Securities Representative Examination

She is a registered broker in 14 states and is a registered investment adviser in Kentucky. 

During her 26 years of experience, Rowena Ruff has registered with the following firms: 

• LPL Financial (CRD #: 6413) 
• Independent Advisor Alliance (CRD #: 168267) 
• Independent Financial Partners (CRD #: 125112) 
• UVest Financial Services Group (CRD #: 13787) 
• Dean Witter Reynolds (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Rowena Ruff 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.