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Lee Norman Allegedly Executed Unauthorized Transactions

Lee Norman (CRD #: 5635777), a broker registered with Edward Jones, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on February 22, 2024. Details concerning the dispute are provided below. 

Investor Dispute

On November 30, 2023, an investor alleged that Lee Normal liquidated her assets and reinvested the funds without her approval, resulting in significant capital gains. The dispute was denied, but investors should know that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by pursuing FINRA arbitration. 

FINRA Rule 3260

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3260 also violate this rule. 

Background Information 

Lee Norman has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 27 states and is a registered investment adviser in Kentucky and Texas.

Kurta Law Can Help 

If you have worked with Lee Norman and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.

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