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Amanda Melanson Subject of IRA-Related Dispute

Amanda Melanson (CRD #: 5431418), a broker registered with Edward Jones, was recently involved in an investor dispute, according to her BrokerCheck record, accessed on July 16, 2022. Keep reading to learn more about Amanda Melanson’s conduct as a broker.

Investor Dispute

In a dispute filed on April 25, 2022, an investor alleged that Amanda Melanson failed to invest the client’s IRA as conservatively as she preferred, leading to over $50,000 in losses. This dispute was denied by the firm.

Investors should know, however, that firms don’t need to allow an external review before denying disputes. Investors may still be able to recoup their losses by seeking out FINRA arbitration following a denial.

FINRA Rules 2111 and 5310

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals by using the information contained in the investor’s profile, such as their age, tax status, and risk tolerance. If a client specifies that they want exclusively conservative investments, they must 

Background Information

Amanda Melanson has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Amanda Melanson is a registered broker in 20 states and a registered investment adviser in Massachusetts.

Kurta Law Can Help

If you worked with Amanda Melanson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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