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George Schwing Named in Dispute Against Edward Jones

Oct 31, 2022 Misrepresentation

George Schwing (CRD #: 2417229), a broker registered with Edward Jones, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on October 16, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On July 6, 2022, an investor named George Schwing and his firm, Edward Jones, in a dispute alleging that the firm was negligent in the opening of two accounts on behalf of the usufructuary parties, failed to disclose facts related to these accounts, and executed unauthorized trades.

A usufruct is an agreement between a property owner and other parties that provides those parties with the rights to use and earn income from a property, typically for a limited time.

The client alleged that these unauthorized trades triggered a tax liability and blocked access to funds. These violations allegedly occurred between February 25, 2021, through July 5, 2022.

The client seeks $108,963.45 in this pending dispute.

FINRA Rule 2020

The omission of information related to investments violates FINRA Rule 2020, which prohibits the use of deception, manipulation, and other fraudulent means of influencing investors’ decisions.

FINRA Rule 3260

FINRA Rule 3260 limits brokers to exercising their trading discretion in discretionary accounts approved in advance by their firm and the investor.

Background Information

George Schwing has passed the following exams:

  • Series 66 – Uniform Combined State 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

George Schwing is a registered broker in 23 states and a registered investment adviser in Louisiana and Texas.

He has also worked for the following firms:

  • ProEquities (CRD#:15708)
  • Linsco/Private Ledger Corporation (CRD#:6413)
  • GNA Securities (CRD#:10465)
  • Pruco Securities (CRD#:5685)

Kurta Law Can Help

If you worked with George Schwing 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 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.