Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 3, 2016 indicate that New York- and Iowa-based broker/adviser Linda Cook, also known as Linda Lundstrom, has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Cook (CRD# 2059268).
Linda Cook has spent 25 years in the securities industry and has been registered with Purshe Kaplan Sterling Investments in Des Moines, Iowa and Albany, New York since April 2016. She was previously registered with VSR Financial Services in Des Moines, Iowa (1991-2016). She is a registered broker and investment adviser in 16 US states and territories: Arizona, California, Colorado, Florida, Georgia, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, North Carolina, South Carolina, Texas, and Wisconsin.
According to her BrokerCheck report, Linda Cook has been the subject of one customer complaint.
In 2002, a customer alleged that Linda Cook, while employed at McGoldrick Gilbert & Cook, recommended unsuitable investments in a managed account. The complaint settled in 2003 for $9,999, to which Ms. Cook individually contributed $4,249.50.
According to FINRA rules and federal securities law, investment professionals like Linda Cook must abide by a standard called suitability, meaning they must recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have complaints regarding Linda Cook, also known as Linda Lundstrom, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.