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Trey Toifel Subject of a Suitability Investor Dispute

Trey Toifel (CRD #: 5830403), a broker registered with Cetera Investment Services, is facing an investor dispute, according to his BrokerCheck record, accessed on July 28, 2023. Keep reading for more details. 

On May 10, 2023, an investor alleged that Trey Toifel never disclosed her money “would be tied up for 5 years.” The investor wants the principal returned without paying any fees. 

FINRA Rule 2111 – Suitable Investments 

FINRA Rule 2111 requires brokers to evaluate whether an investment suits their investor’s liquidity needs and investment horizon. In other words, an investment must take into account if the investor may need to withdraw their funds from an investment. Long-term investments may impose significant fees for early withdrawal, making them unsuitable for many investors. 

Investors who rely on brokers for investment recommendations may be able to recover their losses from unsuitable investments via FINRA arbitration

Background Information 

Trey Toifel has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a broker registered in 12 states and is a registered investment adviser in Alabama and Texas. 

Trey Toifel has registered with the following firms: 

  • BB&T Investment Services (CRD #: 33856) 
  • Wells Fargo Advisors (CRD #: 19616) 
  • Edward Jones (CRD #: 250) 

Kurta Law Can Help

If you worked with Trey Toifel and you have concerns about your investments, please contact us today at 877-600-0098 or 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 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.