Filing a FINRA Arbitration Claim Against Edward Jones If you are an Edward Jones customer and you suspect that your broker or investment advisor caused your losses by making an unsuitable recommendation , engaging in misrepresentations and omissions , overconcentrating ...

August 2017: FINRA fined the brokerage firm $100K for allegedly failing to supervise the sale of inverse and leveraged exchange-traded funds. ... The FINRA arbitration claims allege unsuitability, unauthorized trading, breach of fiduciary duty, negligence, and broker fraud.

This entails tactics such as unauthorized trading, misrepresentation, pressuring sales tactics, and more. ... Churning: This occurs when a broker participates in excessive trading to generate excess commissions rather than investing in the client's best interests. ... Unauthorized trading claims: ...

Customer Disputes Involving Turley According to BrokerCheck: July 2021: This investor is requesting $18M in damages for allegedly unsuitable trading and exercise of discretion between 2018 and 2020. September 2020: Also alleging unsuitable trading and exercise of discretion these customers ...

This means only employing a trading strategy or making investment recommendations that fully align with the investor’s goals, portfolio, and risk tolerance level. Unauthorized trading , misappropriation, misrepresentations and omissions , churning , overconcentration , breach of contract , selling ...

Video Summary: Unauthorized Trading, Broker Fraud and Investment Loss Video Transcript: Unless a financial advisor or stockbroker has discretionary authority to handle your account he or she is not allowed to make any transactions in your account without your commission. ...

For many investors, trading in this way is far too risky and unsuitable. ... Churning Churning occurs when a broker engages in excessive trading in an account. ... Unauthorized Trading Before placing an order to buy or sell securities for ...

As a matter of fact, 90% of the those who have retained our legal services have recovered all or part of their investment losses caused by one or more of the following: Misrepresentations and Omissions Negligence Unsuitability Margin account abuse ...

Common Types of Broker Misconduct or Negligence Making inadequate and unsuitable investment recommendations Churning , which involves excessively trading in a customer’s accounts to earn commissions Making misrepresentations and omissions Overconcentration Registration violations Making unauthorized trades without the investor’s permission ...

Galvin determined that the broker-dealer failed to review its financial advisors' social media or detect excessive trading in their accounts. $4M was to settle the allegations and $750K was because the firm didn’t register more than 470 of its broker-dealer ...