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Investor Alleges Darren Edwards Misrepresented Variable Annuity

May 5, 2023 Misrepresentation

Darren Edwards (CRD #: 4545235), a broker registered with Morgan Stanley, allegedly misrepresented an investment product, according to his BrokerCheck record, accessed on April 28, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On February 23, 2023, an investor alleged that Darren Edwards misrepresented a variable annuity from 2018-2023. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent tactics to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

What are Variable Annuities?

Variable annuities are complex investments. These policies can decline in value depending on the performance of the underlying security. Surrender charges, tax penalties, and other fees can make these policies unsuitable.

Background Information

Darren Edwards has passed the following exams:

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

Darren Edwards is a registered broker in 32 states as well as the District of Columbia and Puerto Rico. He is also a registered investment adviser in California, Florida, Tennessee, and Texas.

He has also worked for Credit Suisse Securities (USA) (CRD#:816) and UBS Financial Services (CRD#:8174).

Kurta Law Can Help

If you worked with Darren Edwards 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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