Willie Brooks: Investor Alleges Unsuitable Mutual Fund

Willie BrooksPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on July 10, 2018 indicate that Michigan-based Questar Capital Corporation broker Willie Brooks is involved in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Brooks (CRD# 4487223).

Willie Brooks has spent 16 years in the securities industry and has been registered with Questar Capital Corporation in Rochester Hills, Michigan since 2002. He has no previous registrations. He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 8, 2002; Series 7 (General Securities Representative Examination), which he obtained on April 11, 2007; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on January 8, 2002. He is a registered broker with two US states: Georgia and Michigan. He is registered with one self-regulatory organization (SRO): FINRA.

According to his BrokerCheck report, he has received one pending customer complaint.

In February 2018 a customer alleged Willie Brooks, while employed at Questar Capital Corporation, recommended an unsuitable mutual fund portfolio that failed to “allow her to maintain the expected income level without reducing the principal.” For reference, suitability refers to an investor’s duty to recommend only securities that are suitable for their clients: they must consider factors including the client’s goals, investment experience, income, risk tolerance, net worth, and more. The customer is seeking $400,000 in damages in the pending complaint.

If you have lost money investing with Willie Brooks, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.