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Vincent Weir Facing a Second Suitability Dispute

Vincent Weir (CRD #: 3118881), a broker registered with Wells Fargo Clearing Services, is involved in a new investor dispute, according to his BrokerCheck record, accessed on March 1, 2022. Investors who have worked with Vincent Weir should keep reading.

On November 18, 2021, an investor alleged Vincent Weir recommended unsuitable investments.

There is a similar dispute on his record. On February 6, 2019, an investor alleged that Vincent Weir recommended unsuitable investments which resulted in losses. This dispute was denied by the firm, but investors should know that they can recover their losses following a denial.

What is a Suitable Investment?

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile includes information about their risk tolerance, financial goals, and age.

  • Investments can be unsuitable because they are high risk and likely to lose money.
  • Securities may also be unsuitable because they are illiquid, meaning they are intended to be held for an extended time, and investors may have to pay high fees to cash out.
  • Securities can be quantitatively unsuitable, which means that brokers executed an excessive number of trades.
  • These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are over-concentrated in a particular stock or sector.

Ensure you are not being taken advantage of by contacting the securities attorneys at Kurta Law as soon as possible if you believe you lost funds due to bad investment recommendations.

Background Information

  • Series 65 Uniform Investment Adviser Law Examination
  • Series 63 Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 Futures Managed Funds Examination
  • Series 7 General Securities Representative Examination

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

Vincent Weir has worked for the following firms:

  • UBS Painewebber (CRD #: 8174)
  • Dean Witter Reynolds (CRD #: 7556)

Kurta Law Can Help

If you have worked with Vincent Weir and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.