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Seth Waltz Allegedly Misrepresented Unsuitable Investment

May 17, 2023 Unsuitable Investments

Seth Waltz (CRD #: 4579332), a broker registered with MML Investors Services, allegedly misrepresented an investment recommendation, according to his BrokerCheck record, accessed on May 12, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

In a pending dispute filed on April 6, 2023, an investor alleged that Seth Waltz made an unsuitable investment recommendation and misrepresented this investment, resulting in a loss for the client. They allege that this misconduct occurred in or around October 2015.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles contain information such as investors’ risk tolerance, age, and financial goals.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulation, deception, and other fraudulent methods to influence investors’ decisions. Misrepresenting an investment’s risks, limitations, or other relevant information violates this rule.

Background Information

Seth Waltz has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination
  • Series 24 – General Securities Principal Examination

Seth Waltz is a registered broker in 12 states and a registered investment adviser in Texas.

He has also worked for the following firms:

  • MSI Financial Services (CRD#:14251)
  • Baystate Wealth Management (CRD#:151664)
  • New England Securities (CRD#:615)
  • Ameriprise Financial Services (CRD#:6363)
  • IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with Seth Waltz and you have concerns about your investments, please contact us today at 877-600-0098 or 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.