Edward S Pegram (CRD #721375) Has an Employment Separation Disclosure on FINRA BrokerCheck

Edward S Pegram (CRD #721375) was previously registered as a broker and investment adviser. His FINRA BrokerCheck report reflects one employment separation disclosure. We reviewed his BrokerCheck report on June 10, 2026. If you invested with Edward Pegram and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Edward Pegram’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below:

On April 7, 2026, RBC Capital Markets LLC discharged Edward Pegram. Edward Pegram FINRA BrokerCheck states that the firm reported policy violations. They involved order execution, time and price discretion, and the Code of Conduct.

Rule Summary #1: FINRA Rule 5310 (Best Execution and Interpositioning)

FINRA Rule 5310 covers best execution for customer orders. Firms must use reasonable diligence to seek a favorable market. Order routing issues can raise concerns about price, timing, and execution quality.

Rule Summary #2: FINRA Rule 3260 (Discretionary Accounts)

FINRA Rule 3260 addresses discretionary activity in customer accounts. Written customer authority is usually required before discretion may be used. Time and price discretion has narrow limits and should be recorded.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Edward Pegram:

Was previously registered as a broker and investment adviser.

Has passed the Securities Industry Essentials (SIE) exam. Edward Pegram has passed Series 7. He has also passed Series 63.

Was previously registered with firms that include RBC Capital Markets LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated. He was also previously registered with Wells Fargo Advisors LLC.

Kurta Law Can Help

If you have worked with Edward Pegram and have concerns, Kurta Law may be able to help. The firm can evaluate possible legal options. A securities attorney can assess potential causes of action. They can also explain available next steps. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Failure to Execute | Securities Attorney.

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. The attorney can explain possible next steps.