Edward Prince is the Subject of a Six-Figure Dispute

Edward Prince (CRD #: 4647442), a broker registered with Moloney Securities Co., is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 20, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 22, 2024, an investor alleged that Edward Prince recommended unsuitable investments. The investor is seeking $140,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Edward Prince has passed the following exams:

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

He is a registered broker in ten states and is a registered investment adviser in Kansas, Missouri, and Texas.  

During his 19 years of experience, Edward Prince has registered with six firms: 

• Moloney Securities (CRD #: 38535) 
• Moloney Securities Asset Management (CRD #: 282448) 
• Eckman Wealth Management (CRD #: 159934) 
• Princor Financial Services Corporation (CRD #: 1137) 
• AXA Advisors (CRD #: 6627) 
• Northwestern Mutual Investment Services (CRD #: 2881) 

Kurta Law Can Help 

If you have worked with Edward Price and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.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 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. Do not let securities fraud go unchecked. Start your recovery process today.