Cathy Bearce Allegedly Recommended Unsuitable Investments

Cathy Bearce (CRD #: 4683252), a previously registered broker with Nobles & Richards, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on January 15, 2025. Investors may have also engaged her services through Fourstar Wealth Advisors. Read on if you want to know more about her alleged conduct as a broker.

Investor Allegations

On December 4, 2024, an investor alleged that Cathy Bearce recommended unsuitable oil and gas investments. The investor is seeking $50,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Cathy Bearce has passed the following exams: 

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

She is a registered broker in Massachusetts and Texas. She is also a registered investment adviser in Massachusetts.

During her 22 years of experience, she has registered with four firms: 

• Integrated Wealth Concepts (CRD#:284656)
• LPL Financial (CRD #: 6413) 
• Lincoln Financial Advisors (CRD #: 3978) 
• Ameriprise Financial Services (CRD #: 6363) 
• IDS Life Insurance Company (CRD #: 6321) 

Kurta Law Can Help 

If you have worked with Cathy Bearce and 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.