Richard Hargis Allegedly Made Unsuitable Investment Recommendation

Richard Hargis (CRD #: 2988925), a broker registered with Fidelity Brokerage Services, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on January 4, 2023. Investors may have also worked with him through Fidelity Personal and Workplace Advisors. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On October 19, 2022, an investor alleged that Richard Hargis gave an unsuitable investment recommendation. The client seeks $75,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account the information contained in an investor’s profile, such as their age, tax status, and risk tolerance.

Investors who rely on brokers for investment recommendations can seek out FINRA arbitration and potentially recoup their losses.

Background Information

Richard Hargis has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 10 – General Securities Sales Supervisor – General Module Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination

Richard Hargis is a registered broker in all 50 states, the District of Columbia, and Puerto Rico. He is also a registered investment adviser in Kentucky and Texas.

He has also worked for Strategic Advisers (CRD#:104555).

Kurta Law Can Help

If you worked with Richard Hargis 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.