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Investors Seek $2.6 Million in Dispute with Edward Maynard

Nov 22, 2022 Unsuitable Investments

Edward Maynard (CRD #: 2414427), a broker registered with SA Stone Wealth Management, is involved in a pending dispute, according to his BrokerCheck record, accessed on November 7, 2022. Investors may have also engaged his services through SA Stone Investment Advisors. Read on to learn more about his conduct as a broker.

Investor Dispute

On September 6, 2022, several investors filed a dispute alleging that Edward Maynard over-exposed and concentrated them in non-conventional investments in 2014, leading to significant losses. The clients seek $2.6 million in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider whether an investment fits their investor’s financial goals. Brokers must examine an investor’s profile, which contains information about their tax status, risk tolerance, and overall financial situation.

This also applies to investment strategies, including overconcentration of investors’ portfolios in a single stock or sector.

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

Background Information

Edward Maynard 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 6 – Investment Company Products/Variable Contracts Representative Examination

Edward Maynard is a registered broker in 17 states and a registered investment adviser in Kentucky and Ohio.

He has also worked for the following firms:

  • Cambridge Investment Research Advisors (CRD#:134139)
  • Cambridge Investment Research (CRD#:39543)
  • Eneric Financial Services (CRD#:11761)
  • Fidelity Investments Institutional Services Company (CRD#:17507)

Kurta Law Can Help

If you worked with Edward Maynard and you have concerns about your investments, please contact us today at 877-600-0098 or 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.