Edward Corbett Allegedly Made Unsuitable Investment Recommendations

Edward Corbett (CRD #: 2858837), a broker registered with LPL Financial, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on January 10, 2025. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On December 3, 2024, an investor filed a dispute alleging that Edward Corbett recommended investments in 2022 that were unsuitable for their investment objectives and risk tolerance. The client seeks $50,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must examine the information contained in an investor’s profile, including the following characteristics:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Edward Corbett has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Edward Corbett is a registered broker in 18 states and the District of Columbia. He is also a registered investment adviser in Florida and Texas.

He has also worked for the following firms:

• Voya Retirement Advisors (CRD#:3989)
• Voya Financial Advisors (CRD#:2882)
• ING Financial Advisers (CRD#:34815)
• Symetra Investment Services (CRD#:19061)
• First Allied Securities (CRD#:32444)
• Charles Schwab & Company (CRD#:5393)
• Dean Witter Reynolds (CRD#:7556)
• Waddell & Reed (CRD#:866)

Kurta Law Can Help

If you worked with Edward Corbett 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 that 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.