Samuel Julian Allegedly Recommended Unsuitable Investments
Samuel Julian (CRD #: 4488869), a broker registered with Ausdal Financial Partners, is the subject of an investor dispute, according to his BrokerCheck record, accessed on November 16, 2023. Keep reading if you have questions about his conduct as a broker.
On October 26, 2023, an investor alleged that Samuel Julian recommended unsuitable investments and violated federal and state securities laws. The investor further alleges a failure to supervise. The investor is seeking $85,000.
FINRA Rule 2111 – Unsuitable Investments
FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk.
Failure to Supervise 3110
FINRA Rule 3110 requires that firms establish systems of supervision to maintain their compliance with securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs).
Samuel Julian has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
He is a registered broker in Florida and South Carolina. He is registered as both a broker and an investment adviser in Indiana.
Samuel Julian has registered with the following firms:
- Ausdal Financial Partners (CRD #: 7995)
- Securities Service Network (CRD #: 13318)
- SSN Advisory (CRD #: 126090)
- Investment Advisors (CRD #: 15708)
- ProEquities (CRD #: 15708)
- Royal Alliance Associates (CRD #: 23131)
Kurta Law Can Help
If you worked with Samuel Julian and have concerns about your investments, please contact us today at 877-600-0098 or email@example.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 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.