Lillian Henderson Allegedly Recommended Unsuitable Investments

Lillian Henderson (CRD #: 5847473), a previously registered broker with Merrill Lynch, Fenner & Smith, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on June 18, 2024. Keep reading if you have questions regarding her alleged conduct. 

Investor Allegations 

On April 22, 2024, an investor alleged that Lillian Henderson recommended unsuitable investments and made a misrepresentation related to investments in his Edward Jones retirement account. The investor is seeking $600,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Misrepresentation 

FINRA Rule 2020 forbids 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 

Lillian Henderson has passed the following exams: 

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

During her eleven years of experience, she has registered with the following exams: 

• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Edward Jones (CRD #: 250) 
• Cetera Investment Services (CRD #: 15340) 
• LPL Financial (CRD #: 6413) 
• Cetera Investment Services (CRD #: 15340) 

Kurta Law Can Help 

If you have worked with Lillian Henderson 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.