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Troy Perkins Allegedly Recommended Unsuitable Alternative Investments

Jul 25, 2023 Unsuitable Investments

Troy Perkins (CRD #: 4337530), a broker registered with Concourse Financial Group Securities, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on July 18, 2023. Investors may have also engaged his services through Concourse Financial Group Advisors. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On June 1, 2023, an investor alleged that Troy Perkins made unsuitable recommendations of alternative investments. The client seeks $125,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must use the information in an investor’s profile, such as their age, tax status, and risk tolerance when making recommendations.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

Background Information

Troy Perkins has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Troy Perkins is a registered broker in 19 states and a registered investment adviser in Texas.

He has also worked for the following firms:

  • Lincoln Financial Securities (CRD#:3870)
  • Wells Fargo Advisors (CRD#:19616)
  • A. G. Edwards & Sons (CRD#:4)

Kurta Law Can Help

If you worked with Troy Perkins 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 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. 

 

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