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Geraldine Polvino Allegedly Failed to Consider Client’s Best Interests

Geraldine Polvino (CRD #: 4401125), a broker registered with Edward Jones, is the subject of a pending dispute, according to her BrokerCheck record, accessed on July 31, 2022. Read on to learn more about her conduct as a broker.

Investor Dispute

In a dispute filed on May 31, 2022, an investor alleged that Geraldine Polvino made a recommendation without considering the client’s best interests. She allegedly recommended the transfer of funds to her Edward Jones account, liquidation of Ameritrade assets, and the purchase of new assets in the account.

The investor further alleges that Geraldine Polvino failed to inform her of the potential tax implications associated with this transfer and that Geraldine Polvino and the firm failed to follow the client’s instructions concerning the minimization of tax implications.

The client seeks $52,000 in this pending dispute.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires brokers to recommend securities that sufficiently fit an investor’s profile. Brokers must use the information in their client’s profile, such as their age, risk tolerance, and investment goals when making recommendations.

FINRA Rules 2020 and 2010

FINRA Rule 2020 forbids the use of manipulation, deception, and other unethical means of influencing investors’ decisions. The omission of material facts related to investments (and their tax implications) violates this rule.

Failure to follow a client’s instructions violates FINRA Rule 2010, which requires members to uphold high standards of professional honor and ethical conduct.

Background Information

Geraldine Polvino 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

Geraldine Polvino is a registered broker in 26 states and Puerto Rico. He is also a registered investment adviser in Kentucky and Texas.

Kurta Law Can Help

If you worked with Geraldine Polvino 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.