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Investors Allege Steven Hayden Recommended Unsuitable Alternative Investments

Oct 31, 2022 Unsuitable Investments

Steven Hayden (CRD #: 4620943), a broker registered with Cetera Advisors, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on October 16, 2022. Keep reading if you have questions about his conduct as a broker.

Investor Dispute

On July 11, 2022, several investors alleged that Steven Hayden recommended unsuitable alternative investments. The clients seek $346,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile. An investor’s profile describes their tax status, age, risk tolerance, and other characteristics.

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

Background Information

Steven Hayden 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 7 – General Securities Representative Examination

Steven Hayden is a registered broker and a registered investment adviser in Georgia and Texas.

He has also worked for Investors Capital Corporation (CRD#:30613) and Dempsey Financial Network (CRD#:38330).

Kurta Law Can Help

If you worked with Steven Hayden 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.