Manuel Macias Allegedly Invested Client’s Funds Without Authorization

Manuel Macias (CRD #: 7145797), a broker registered with Edward Jones, was recently named in an investor dispute, according to his BrokerCheck record, accessed on October 10, 2022. Read on if you have questions about his conduct as a broker.

Investor Dispute

On July 15, 2022, an investor filed a dispute alleging that Manuel Macias invested “everything” in her account without authorization when her account was transferred to Edward Jones. The client sought $57,995.46 in damages but was denied by the firm.

Investors should be aware, however, that firms don’t need to permit an external review before denying disputes. Investors may still be able to recover their losses by seeking out FINRA arbitration following a denial.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Firms must also approve these accounts as discretionary before this trading can occur.

Background Information

Manuel Macias has passed the following exams:

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

Manuel Macias is a registered broker in 17 states and a registered investment adviser in Illinois.

Kurta Law Can Help

If you worked with Manuel Macias 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.