Investor Alleges Joseph Adelsberger Made Misleading Statements 

Joseph Adelsberger (CRD #: 4491918), a broker formerly registered with Edward Jones, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on April 25, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

In a dispute filed on March 3, 2023, an investor alleged that Joseph Adelsberger made misleading statements and failed to diversify his accounts. The client also alleged the variable insurance policy came with poor subaccounts. They sought $170,000 in damages but the firm denied the dispute.

However, investors should be aware that firms can deny disputes without allowing an outside review. Investors can still seek out FINRA arbitration and may be able to recover their funds following a denial.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deception, manipulation, and other fraudulent methods of influencing investors’ decisions. Misrepresenting an investment’s features, risks, or other relevant information violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles contain information about investors’ age, financial goals, and risk tolerance.

Investment strategies must also meet the requirements of suitability. A common example of an unsuitable investment strategy is overconcentration, which can increase the risk for an investor beyond what is appropriate for their financial goals.

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

Background Information

Joseph Adelsberger has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

He previously worked for Edward Jones (CRD#:250).

Kurta Law Can Help

If you worked with Joseph Adelsberger 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.