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Lloyd Wright Allegedly Breached His Contract

Lloyd Wright (CRD #: 6899063), a broker registered with Edward Jones, is involved in a pending dispute, according to his BrokerCheck record, accessed on August 20, 2022. If you have questions about his conduct as a broker, read on.

Investor Dispute

On May 5, 2022, an investor alleged that, though her step-daughter had power of attorney, Lloyd Wright breached his contract by permitting her step-daughter to withdraw and redirect funds from her accounts to other investments without the client’s permission from March 2021 through February 2022. This dispute is currently pending.

FINRA Rule 2150

FINRA Rule 2150 prohibits brokers from making “improper use of a customer’s funds.” This rule prevents brokers from allowing unauthorized withdrawals from an investor’s account and also prohibits brokers from sharing in an investor’s profits and losses. 

FINRA Rule 2010

FINRA Rule 2010 requires brokers to uphold high standards of professional honor and just and equitable principles of trade.

Background Information

Lloyd Wright has passed the following exams:

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

Lloyd Wright is a registered broker in six states and a registered investment adviser in Ohio and Texas.

Kurta Law Can Help

If you worked with Lloyd Wright 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. 

 

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