Charles Bryant Allegedly Recommended Unsuitable Investment Strategy

Charles Bryant (CRD #: 5346404), a broker registered with LPL Financial, allegedly recommended an unsuitable investment strategy, according to his BrokerCheck record, accessed on March 2, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On December 16, 2022, an investor filed a dispute alleging that Charles Bryant recommended an unsuitable investment strategy between May 2019 and June 2022 that involved certain equities. The client alleges that this strategy was unsuitable given their risk tolerance and investment objectives.

The investor seeks $200,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. Brokers must take into account the information described in an investor’s profile, such as their age, tax status, and other investments.

Brokers must also use investors’ profiles when recommending investment strategies. A strategy involving overconcentration, for example, would not be suitable for an investor with a limited risk tolerance.

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

Background Information

Charles Bryant 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 7 – General Securities Representative Examination

Charles Bryant is a registered broker in seven states and the District of Columbia. He is also a registered investment adviser in Florida and Texas.

He has also worked for the following firms:

• FSC Securities (CRD#:7461)
• Mutual of Omaha Investor Services (CRD#:611)
• J.P. Morgan Securities (CRD#:79)
• SunTrust Investment Services (CRD#:17499)
• Morgan Stanley & Company (CRD#:8209)

Kurta Law Can Help

If you worked with Charles Bryant 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.