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Thomas Prieur Recommended Unsuitable REITs

Thomas Prieur (CRD #: 4296010), a previously registered broker with Lincoln Financial Advisors Corporation, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on December 21, 2023. Keep reading if you have questions regarding this dispute. 

On November 6, 2023, an investor alleged that Thomas Prieur sold unsuitable REITs. 

What is a REIT? 

Real estate investment trusts (REITs) allow investors to pool their funds together in a portfolio of real estate and earn returns without managing the properties themselves. However, the lack of liquidity associated with REITs may make them unsuitable for some investors.

What is an Unsuitable Investment?

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. 

Background Information 

Thomas Prieur has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 31 Futures Managed Funds Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Principal Examination

During his 22 years of experience, Thomas Prieur has registered with the following firms: 

  • Lincoln Financial Advisors Corporation (CRD #: 3978) 
  • The Lincoln National Life Insurance Company (CRD #: 2580) 
  • Morgan Stanley DW (CRD #: 7556) 

Kurta Law Can Help 

If you have worked with Thomas Prieur and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.

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