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Cedric Wade Barred by FINRA

Cedric Wade (CRD #: 2550876), a broker formerly registered with LPL Financial, has been suspended by FINRA, according to his BrokerCheck record, accessed on October 3, 2022. If you want to learn more about his conduct as a broker, read on.

Investor Dispute

On July 7, 2022, FINRA sent Cedric Wade a letter indicating his suspension for allegedly failing to respond to requests for information. His bar began October, 11 2022, and will continue indefinitely until FINRA receives the information requested or the suspension converts to a bar.

FINRA Rule 9552

FINRA Rule 9552 penalizes members who fail to provide requested information, documents, or testimony as part of FINRA investigations. Members are first suspended for three months, during which time they can request an end to the suspension. If they fail to do so, the suspension becomes a bar.

Background Information

Cedric Wade has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 28 – Introducing Broker/Dealer Financial Operations Principal Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination

In the past, he worked for the following firms:

  • LPL Financial (CRD#:6413)
  • National Planning Corporation (CRD#:29604)
  • Foothill Securities (CRD#:1027)
  • CUE Financial Group (CRD#:21033)
  • Archon Securities (CRD#:46146)
  • Associated Securities (CRD#:12969)
  • SunAmerica Securities (CRD#:20068)

Kurta Law Can Help

If you worked with Cedric Wade 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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