Rebecca Belicek Allegedly Engaged in Excessive Trading

Rebecca Belicek (CRD #: 2106922), a broker registered with Dawson James Securities, is the subject of an investor dispute. This disclosure appears on her BrokerCheck record. Keep reading if you have questions regarding her alleged conduct. 

Investor Allegations 

On July 19, 2024, an investor alleged that Rebecca Belicek recommended unsuitable investments and engaged in unauthorized trading. She also allegedly executed an excessive number of trades and engaged in unsuitable use of margin. 

The investor is seeking $300,000. 

Excessive Trading

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. Trades must be quantitatively suitable, meaning the number of trades must suit an investor’s needs. Each trade comes with a transaction fee, so too many transactions will result in excessive fees for the investor. Excessive trading is also known as “churning.” 

What is Margin Investing? 

Investing on margin is when an investor opens a margin account and borrows money from a brokerage firm in order to purchase more securities. Using borrowed money is called “leverage” and it increases the risk that the investor will lose money. Margin accounts may come with interest charges, significant broker fees, and the risk of a margin call. 

Margin calls happen when the broker needs more money in the account in order to cover the minimum margin requirement. If the investor does not deposit money in the margin account, the broker may liquidate securities in the investor’s account in order to cover the minimum. 

Utilizing margin is often unsuitable and investors should be made aware of the risks before purchasing securities on margin. 

Background Information 

Rebecca Belicek has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 79TO Investment Banking Registered Representative Examination 
• Series 57TO Securities Trader Exam
• SIE – Securities Industry Essentials Examination 
• Series 55 Limited Representative-Equity Trader Exam
• Series 7 General Securities Representative Examination 
• Series 4 Registered Options Principal Examination 
• Series 24 General Securities Representative Examination 

She is a registered broker in eight states. 

Rebecca Belicek has registered with 13 firms. These are the five most recent: 

• Dawson James Securities (CRD #: 130645) 
• HFP Capital Markets (CRD #: 44351) 
• Global Partners Securities (CRD #: 19606) 
• Lampost Capital (CRD #: 43706) 
• Newbridge Securities Corporation (CRD #: 104065) 

Kurta Law Can Help 

If you worked with Rebecca Belicek and you 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.