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Jeremy Presley: Investor Complaint Against Atlanta LCORE Advisor
Atlanta financial advisor Jeremy Presley (CRD# 6685733) allegedly recommended unsuitable investments, according to a recent investor complaint against him. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Alexander Capital, doing business as LCORE Wealth Management.
Mr. Presley’s BrokerCheck report discloses one investor complaint. Filed in April 2021, it alleges that as a representative of Cetera Financial Group and Centaurus Financial, he recommended unsuitable investments in real estate securities and over-concentrated the claimants’ holdings. The pending complaint alleges unspecified damages.
Over-concentration, also referred to as lack of diversification, is described in FINRA’s investor resources as similar to putting too many eggs in one basket. To avoid the risks of over-concentration in their accounts, FINRA advises investors to diversify their portfolios across and within major asset classes, regularly rebalance their portfolios, carefully scrutinize the underlying stocks or bonds in any mutual funds and exchange-traded funds they’re holding, and keep close track of their investments’ liquidity.
According to the Financial Industry Regulatory Authority, Jeremy Presley holds six years of securities industry experience. Based in Atlanta, Georgia, he has been a broker and an investment advisor with Alexander Capital since 2020, doing business as LCORE Wealth Management. He was previously registered with Centaurus Financial in Atlanta, Georgia from 2016 until 2020. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Securities Industry Essentials Examination, or SIE. He is licensed in Arizona, Colorado, Georgia, Indiana, North Carolina, South Carolina, and Tennessee. (Information current as of August 30, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.