Morgan Hill Embroiled in Half Million Dollar Dispute 

Morgan Hill (CRD #: 4428819), a broker registered with Arete Wealth Management and Center Street Securities, is the subject of a pending dispute, according to his BrokerCheck record, accessed on September 10, 2022. Investors may have also worked with Morgan Hill through Center Street Advisors. Read on to learn more about his conduct as a broker.

Investor Dispute

On June 6, 2022, an investor alleged that Morgan Hill misrepresented an unsuitable investment. The client seeks $500,000 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulation, deception, or other fraudulent tactics to influence investors’ decisions. Misrepresenting an investment’s risks, limitations, or other features violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately suit their client’s financial goals. Brokers must consider the information described in an investor’s profile, such as their age, risk tolerance, and tax status when recommending investments.

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

Background Information

Morgan Hill has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• Series 65 – Uniform Investment Adviser Law Examination
• SIE – Securities Industry Essentials Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 62 – Corporate Securities Limited Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Morgan Hill is a registered broker in 20 states and a registered investment adviser in Georgia and Tennessee.

He has also worked for the following firms:

• Brookstone Capital Management (CRD#:141413)
• 1st Discount Brokerage (CRD#:39164)
• USA Financial Securities (CRD#:103857)

Kurta Law Can Help

If you worked with Morgan Hill 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.