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Investors Allege Rudy Molnar Recommended Unsuitable Alternative Investments

Rudy Molnar (CRD #: 3211892), a broker registered with Ameriprise Financial Services, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on October 1, 2022. If you have questions about his conduct as a broker, keep reading.

Investor Disputes

On July 29, 2022, two investors filed a dispute alleging that Rudy Molnar’s recommendation of FS Energy & Power (FSEP) was unsuitable, high-risk, and speculative. These clients seek $65,000 in this pending dispute.

Another pending dispute filed by multiple investors on December 23, 2020, alleged that Rudy Molnar’s recommendation of another alternative investment, FS KKR Capital Corp. II (FSKR), was unsuitable, high-commission, high-risk, and speculative. The investors seek $164,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consider the information contained in an investor’s profile, such as their risk tolerance, age, and tax status when recommending investments.

Investors who rely on brokers for investment recommendations can potentially recover their funds by pursuing FINRA arbitration.

Background Information

Rudy Molnar 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

Rudy Molnar is a registered broker in 46 states and the District of Columbia. He is also a registered investment adviser in Florida and Texas.

He has also worked for the following firms:

  • Securities America (CRD#:10205)
  • AIG Retirement Advisors (CRD#:42803)
  • The Variable Annuity Marketing Company (CRD#:5081)
  • Public Employees Equities Services Company (CRD#:7315)

Kurta Law Can Help

If you worked with Rudy Molnar and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.