Vincent Marra Allegedly Recommended Unsuitable Investments

Vincent Marra (CRD #: 2524692), a registered broker with ThinkEquity, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 20, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On July 29, 2024, an investor alleged that Vincent Marra allegedly recommended an unsuitable investment, engaged in negligence, and misrepresented investments. The investor further alleged they suffered a lost investment opportunity and paid undisclosed commissions. 

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. Rule 2111 also requires brokers to consider the following investor characteristics: 

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

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Vincent Marra has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 6TO Investment Company Products / Variable Contracts Representative Examination 
• Series 79TO Investment Banking Registered Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

He is a registered broker in 49 states. 

During his 27 years of experience, Vincent Marra has registered with ten firms. These are the five most recent: 

• ThinkEquity (CRD #: 20996) 
• Dawson James Securities (CRD #: 130645)
• Lampert Capital Markets (CRD #: 103725)
• Halcyon Cabot Partners (CRD #: 32664) 
• Forge Financial Group (CRD #: 100020) 

Kurta Law Can Help 

If you worked with Vincent Marra 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.