Unsuitable Investment Recommendations By Kestra Investment Services, LLC Broker Karen Cunningham

Kestra Investment Services

Were you the victim of Kestra Investment Services, LLC broker Karen Cunningham (CRD# 1134960) regarding unsuitable investment recommendations? She has been registered with Kestra Investment Services, LLC in Oklahoma City, Oklahoma since 2001. 

Karen Cunningham Customer Complaints

She has been the subject of three customer complaints between 1998 and 2022, one of which was denied, according to her CRD report. The most recent complaint was regarding: 

August 2022. “Claimant alleges that Cunningham knowingly made an unsuitable recommendation to the Trust in Noble Royalty Access Fund IV, LP; as the claimant believes the Trust was not a sophisticated investor and the recommendations did not meet her investment objectives. It’s further alleged that Cunningham failed to make applicable disclosures to the Trust regarding commissions and risks associated with the investment and Cunningham misrepresented the investment.” The customer is seeking $150,000 in damages and the case is currently pending. The complaint was regarding direct investments. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Kestra Investment Services, LLC may be liable for investment or other losses suffered by Karen Cunningham’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.