Investors Allege Tamber Proctor Recommended Unsuitable Investments
Tamber Proctor (CRD #: 4316378), a broker formerly registered with Securities America, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 21, 2024. Read on if you want to know more about his alleged conduct as a broker.
Investor Dispute
In a pending dispute filed on September 30, 2024, two clients alleged that Tamber Proctor made unsuitable investments that resulted in losses. They seek $324,500 in damages.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must use the information in an investor’s profile, such as their risk tolerance, investing experience, tax status, and age when making recommendations.
Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.
Background Information
Tamber Proctor has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
He previously worked for the following firms:
- Securities America (CRD#:10205)
- LPL Financial (CRD#:6413)
- Edward Jones (CRD#:250)
Kurta Law Can Help
If you worked with Tamber Proctor 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 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.