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Investor Alleges Bethany Simpson Executed Unauthorized Equity Trades

Bethany Simpson (CRD #: 6586514), a broker registered with Edward Jones, allegedly executed unauthorized trades, according to her BrokerCheck record, accessed on November 21, 2022. If you have questions about her conduct as a broker, keep reading.

Investor Dispute

On August 10, 2022, an investor alleged that Bethany Simpson executed unauthorized equity trades and failed to follow instructions to sell equities. This dispute was denied by the firm.

Investors should be aware, however, that firms don’t need to permit an external review before denying disputes. Investors can still pursue FINRA arbitration and potentially recover their losses after a denial.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3260 automatically violate FINRA Rule 2010. 

Background Information

Bethany Simpson has passed the following exams:

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

Bethany Simpson is a registered broker in 25 states and a registered investment adviser in Oregon and Texas.

Kurta Law Can Help

If you worked with Bethany Simpson 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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