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Investor Names Zvika Feldman in Dispute Involving Suitability and Misrepresentation

Zvika Feldman (CRD #: 5316260), a broker formerly registered with Leumi Investment Services, is the subject of a pending dispute, according to her BrokerCheck record, accessed on September 10, 2022. Keep reading if you want to know more about his conduct as a broker.

Investor Dispute

On June 2, 2022, a investor alleged that Zvika Feldman recommended unsuitable investments and misrepresented certain debt and equity securities. The client seeks $800,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider whether an investment fits their investor’s financial goals. Brokers must use the characteristics contained in the investor’s profile, which include the following:

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

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

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods of influencing investors’ decisions. This includes misrepresentation of an investment’s risks, requirements, or potential returns.

Background Information

Zvika Feldman has passed the following exams:

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

He previously worked for Leumi Investment Services (CRD#:105387).

Kurta Law Can Help

If you worked with Zvika Feldman 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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