Edgar Blackley Involved in Unsuitability Dispute
Edgar Blackley (CRD #: 1285967), a broker and investment advisor registered with Edward Jones, was involved in an investor dispute, according to his BrokerCheck record, accessed on April 5, 2022.
According to the allegations filed on February 7, 2022, Edgar Blackley recommended investments unsuitable for his client's age and stated portfolio objective. The investor sought $75,449; however, the firm denied the dispute.
Firms can deny disputes without any external review; nevertheless, investors should know that they can still pursue FINRA arbitration and recover their losses following a denial.
FINRA Rule 2111
Brokers must consider the factors listed below when recommending investments to investors:
- The investor's current financial state and tax status
- The investor's financial goals
- The investor's risk tolerance
According to FINRA Rule 2111, brokers may be liable for unsuitability claims if they fail to take the factors listed above into account. A broker must have exercised due diligence and have an adequate reason for believing that an investment will be suitable or beneficial for the investor.
Make sure you are not being taken advantage of by contacting the securities attorneys at Kurta Law as soon as possible if you believe you lost funds due to unsuitable investment recommendations.
Edgar Blackley has passed the following exams:
- Series 65 - Uniform Investment Adviser Law Examination
- Series 63 - Uniform Securities Agent State Law Examination
- SIE - Securities Industry Essentials Examination
- Series 7 - General Securities Representative Examination
- Series 24 - General Securities Principal Examination
He is a registered broker in 21 states and a registered investment advisor in North Carolina and Texas.
Besides Edward Jones, Edgar Blackley has not worked with any other firm.
Kurta Law Can Help
If you have worked with Edgar Blackley 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.