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Edward Fredericks Allegedly Excecuted Unauthorized Trades

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
August 2, 2025 at 1:18am

Edward Fredericks (CRD #: 2202730), a broker registered with Equitable Advisors, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 1, 2025. Keep reading if you have questions regarding his alleged conduct as a broker. 

Investor Allegations 

On March 31, 2024, investors alleged that Edward Fredericks executed unauthorized trades in their IRA accounts. They further alleged that he recommended unsuitable investments and filled out an account opening form without their knowledge. 

Unauthorized Trading

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. These profiles include information about investors’ age, risk tolerance, and financial goals.

The requirement for suitability also applies to investment strategies and to trading activity. Trades must be quantitatively suitable, meaning the number of trades in total is not unsuitable for the investor’s goals, even if the individual trades are suitable.

Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

Previous Investor Disputes

There are two previous disputes on Edward Fredericks’ record.

  • One investor alleged that he recommended an unsuitable annuity. 
  • Another investor alleged that Edward Fredericks misrepresented the manner in which withdrawals would impact the death benefit of variable annuities purchased between 2011 and 2016. 

Investors should know that firms can deny disputes without any external review. Investors can still recover losses following a denial. 

Kurta Law Can Help

If you worked with Edward Fredericks 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. 

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