Eddie Suarez Embroiled in Investor Dispute Following Selling Away Allegations
Eddie Suarez (CRD #2938893), a broker registered with PFS Investments, is involved in a pending investor dispute according to his BrokerCheck record accessed on April 5, 2022.
According to the allegations filed on February 9, 2022, Eddie Suarez recommended the purchase of real estate property from a third party in 2020.
What is Selling Away?
When brokers recommend investments that are not offered by their registered member firm, they are engaging in a type of financial misconduct called “selling away“—a.k.a. unapproved securities transactions. FINRA prohibits selling away because it allows brokers to sell risky investments without supervision from their firm.
FINRA Rule 3270 prohibits brokers from participating in outside businesses without first providing written notice to their firm. After receiving that notice, the member firm may approve or disapprove the transaction.
A violation of FINRA Rule 3280 is also a violation of FINRA Rule 2010, which requires brokers to observe high standards of commercial honor and just and equitable principles of trade in the conduct of their business.ss.
Eddie Suarez has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 26 – Investment Company Products/Variable Contracts Principal Examination
He is a registered broker in four states.
Besides PFS Investments, Eddie Suarez has not worked with any other firm.
Kurta Law Can Help
If you have worked with Eddie Suarez and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or email@example.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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. Please reach out if you have any questions about what steps to take next to recover your investment losses.