Tom Kudarauskas Allegedly Misrepresented Alternative Investments

Tom Kudarauskas (CRD #: 2070671), a broker registered with Osaic Wealth, has racked up a fourth investor dispute. This is according to his BrokerCheck record, accessed on February 26, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

These are the two most recent allegations. 

On November 21, 2023, an investor alleged that Tom Kudarauskas misrepresented an alternative investment. They further alleged that this recommendation was unsuitable. 

According to allegations filed on April 20, 2021, Tom Kudarauskas sold investors unsuitable alternative investments. The investors are seeking $95,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

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

Background Information 

Tom Kudarauskas 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 24 General Securities Representative Examination 

Tom Kudarauskas is a registered broker in eleven states and is a registered investment adviser in Georiga, North Carolina, and Texas. 

In his 33 years of experience, he has registered with eleven firms. These are the three most recent: 

• Osaic Wealth (CRD #: 23131) 
• Woodbury Financial Services (CRD #: 421) 
• First Montauk Securities Corp. (CRD #: 13755)

Kurta Law Can Help 

If you have worked with Tom Kudarauskas 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.