Thomas Harenburg Involved in Unsuitability Dispute
Thomas Harenburg (CRD #: 237016), a broker registered with Carl M. Hennig, Inc., is involved in an investor dispute, according to his BrokerCheck record, accessed on January 7, 2022.
On October 28, 2021, an investor filed a dispute against Thomas Harenburg, alleging poor initial investments. The investor is seeking $100,000 一 the case is still pending.
Poor investments may not fit FINRA’s suitability requirements. Brokers must consider the factors listed below when recommending investments to investors.
- The investor’s current financial state and tax status
- The investor’s financial goals
- The investor’s risk tolerance
According to FINRA Rule 2111, brokers may be liable for investor unsuitability claims if they fail to take the factors listed above into account and recommend investments that are not suitable. A broker must have exercised due diligence and have an adequate reason for believing that an investment will be suitable or beneficial for the investor.
To prove an unsuitability claim, you must establish that:
- A transaction took place between yourself and the broker
- You sustained damages (lost money)
- The broker was aware of your financial situation
Make sure you are not being taken advantage of by contacting the securities attorneys at Kurta Law as soon as possible if you believe you lost funds due to bad investment recommendations.
Thomas Harenburg has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 55 – Limited Representative-Equity Trader Exam
- Series 1 – Registered Representative Examination
- Series 00 – General Securities Principal Examination
Thomas Harenburg is a registered broker in six states.
Besides Carl M. Hennig, Thomas Harenburg has not worked with any other firm.
Kurta Law Can Help
If you have worked with Thomas Harenburg and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or email@example.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 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.