Karl Fisher: Equitable Advisor Faces Alternative Investment Complaint

Boulder, Colorado financial advisor Karl Fisher (CRD# 2687222) recently received an investor complaint alleging that he recommended unsuitable alternative investments. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Equitable Advisors.

Mr. Fisher’s BrokerCheck report discloses one investor complaint. Filed in February 2024, it alleges that as a representative of Equitable Advisors, he misrepresented material facts and recommended unsuitable alternative investments. The pending complaint alleges damages of at least $22,000.

The website for The Lubrano Companies, which offers securities and advisory services through Equitable Advisors, includes a profile of Mr. Fisher. “Karl’s innovative financial planning approach helps provide individuals and businesses with the leadership, relationship, and creativity that they need to reach their financial goals,” it states. “He focuses on retirement and investment planning strategies and routinely conducts and participates in seminars in these areas.” As the website notes, he joined the firm as a Partner in 2022 and is both a Certified Financial Planner and a Chartered Financial Consultant.

According to the Financial Industry Regulatory Authority, Karl Fisher holds 28 years of securities industry experience. Based in Boulder, Colorado, he has been a broker and an investment advisor with Equitable Advisors since 1995 and 2002, respectively. His past registrations include Karr Barth Financial Planning (Bala Cynwyd, Pennsylvania; 2002-2014) and The Equitable Life Assurance of the United States (New York, New York; 1995-2000). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 49 state licenses. (Information current as of March 8, 2024.)

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