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Investor Alleges Russell Bedore Recommended an Unsuitable Investment

Sep 2, 2022 Unsuitable Investments

Russell Bedore (CRD #: 4729849), a broker registered with J.P. Morgan Securities, was the subject of a recent dispute, according to his BrokerCheck record, accessed on August 8, 2022. Read on if you have questions about his conduct as a broker.

Investor Dispute

On May 18, 2022, an investor alleged that Russell Bedore recommended an unsuitable investment on January 12, 2022. The client sought $87,038.18 in damages but the dispute was denied by the firm.

Investors should know, however, that firms can deny disputes without an external review. Investors may still be able to recover their losses by seeking out FINRA arbitration following a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend investments that adequately suit investors’ profiles. These profiles contain information such as investors’ risk tolerance, age, and investment goals.

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

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Russell Bedore has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Russell Bedore is a registered broker in 17 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:

  • Strategic Advisers (CRD#:104555)
  • Fidelity Brokerage Services (CRD#:7784)
  • Valic Financial Advisors (CRD#:42803)
  • Amerivest Investment Management (CRD#:111514)
  • TD Ameritrade (CRD#:7870)
  • J.P. Turner & Company (CRD#:43177)
  • Joseph Stevens & Company (CRD#:35459)

Kurta Law Can Help

If you worked with Russell Bedore 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.