Todd Welsh Named in Dispute Involving Unsuitable Fund

Todd Welsh (CRD #: 3214419), a broker registered with Level Four Financial, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 6, 2024. Investors may have also engaged his services through Scissortail Wealth Management. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

On October 18, 2024, an investor named Todd Welsh in a dispute alleging that UBS Financial Services failed to do adequate due diligence with regard to a certain fund and failed to fully disclose its risks. The dispute further alleges that this fund was unsuitable for any investor.

The client seeks $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes characteristics such as their age, risk tolerance, tax status, and investing experience.

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

Regulation Best Interest

Regulation Best Interest expands on the requirements of FINRA Rule 2111. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must disclose conflicts of interest and research the market for investments that could offer similar benefits at a lower cost before making a recommendation. 

Background Information

Todd Welsh has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 3 – National Commodity Futures Examination
• Series 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination

Todd Welsh is a registered broker in seven states and a registered investment adviser in Oklahoma.

He has also worked for UBS Financial Services (CRD#:8174) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Todd Welsh 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.