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Steven Sabo Allegedly Recommended an Unsuitable Alternative Investment

Steven Sabo (CRD #: 1711708), a broker registered with LPL Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on December 5, 2023. Details concerning this dispute are provided below. 

On September 22, 2023, an investor alleged Steven Sabo made an unsuitable recommendation to purchase an alternative investment. The investor is seeking $70,000. 

FINRA Rule 2111 – Unsuitable Alternative 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

Alternative investments pose more risk and are therefore often unsuitable. 

Background Information 

Steven Sabo 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 
  • Series 22 Direct Participation Programs Representative Examination 
  • Series 6 Investment Company Products/Variable Contracts Representative Examination 

He is a registered broker in 16 states and is a registered investment adviser in Colorado and Texas. 

Steven Sabo has registered with the following firms: 

  • LPL Financial (CRD #: 6413) 
  • 1717 Capital Management Company (CRD #: 4082) 
  • NYLife Securities (CRD #: 5167) 
  • Pruco Securities Corporation (CRD #: 5685) 

Kurta Law Can Help 

If you have worked with Steven Sabo and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or 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.