Vern Hart Allegedly Did Not Work in an Elderly Investor’s Best Interest

Vern Hart (CRD #: 1122114), a broker registered with Raymond James & Associates, is the subject of an investor dispute. This is according to his BrokerCheck record, record accessed on August 30, 2024. Keep reading if you have questions regarding his alleged. 

Investor Allegations 

On June 13, 2024, an investor’s guardian alleged that the client’s account is not being managed in the best interests of the elderly client and/or is being charged excessive fees. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor. 

• Suitability evaluations should take into account the investor’s age. 
• Excessive fees can also make an investment unsuitable. 

Background Information 

Vern Hart 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 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 16 states and is a registered investment adviser in Indiana. 

During his 40 years of experience, Vern Hart has registered with ten firms. These are the five most recent: 

• Raymond James & Associates (CRD #: 705) 
• City Securities Corporation (CRD #: 1459) 
• NatCity Insurance Services (CRD #: 16989) 
• NatCity Investments (CRD #: 17490) 
• Liberty Securities Corporation (CRD #: 14416) 

Kurta Law Can Help 

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