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Stanley Cooper Allegedly Engaged in Fraud

Stanley Cooper (CRD #: 1667427), a previously registered broker with RBC Capital Markets, is the subject of a new dispute. This is according to his BrokerCheck record, accessed on October 1, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 18, 2024, an investor alleged that Stanley Cooper engaged in fraud and breached his fiduciary duty by failing to disclose information regarding the investor’s withdrawals from the trust account versus the return on investments. They further alleged that Stanley Cooper overconcentrated their portfolio and recommended unsuitable investments. 

This is the third investor dispute on his record. 

Unsuitable Overconcentration 

FINRA Rule 2111 prohibits unsuitable investment recommendations. Overoncenrated investments are often unsuitable because they expose the investor to unnecessary risk. Brokers are required to consider their investor’s risk tolerance when they make recommendations. 

Diversified portfolios expose investors to a broader swath of the market and lessen the chance that an investor will suffer major losses following a drop in share prices for a particular stock or sector. Investors who rely on brokers for recommendations may be able to recover losses following overconcentration by pursuing FINRA arbitration.

Background Information 

Stanley Cooper 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 31 Futures Managed Funds Examination 
  • Series 7 General Securities Representative Examination 

He has registered with two firms: RBC Capital Markets (CRD #: 31194) and Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691). 

Kurta Law Can Help 

If you worked with Stanley Cooper and you 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.