Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Meredith Mccutchen (Mccutchen), previously associated with Moody Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mccutchen recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $45,000.00 on August 11, 2020.
Claim alleges that Rep recommended investment in UDF IV the day before trading was halted and that this was not a suitable recommendation due to the risk involved in the investment and high concentration of alternative investments in the customer’s accounts.