Margaret Connors Subject of a Suitability Dispute
Margaret Connors (CRD #: 6226357), a broker registered with Edward Jones, is the subject of an investor dispute. This disclosure appears in her BrokerCheck record, accessed on August 18, 2023. Keep reading for more detail.
On June 20, 2023, an investor and his son alleged that Margaret Connors recommended municipal bonds that were not suitable considering the client’s age, life stage, financial needs, and investment objectives.
FINRA Rule 2111 – Unsuitable Investments
FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, and financial goals.
- Investments can be unsuitable because they are high-risk and likely to lose money.
- Securities may also be unsuitable because they are illiquid, meaning that they are intended to be held for an extended time, and investors may have to pay high fees to cash out.
- Securities can be quantitatively unsuitable, which means that brokers executed an excessive number of trades.
- These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are overconcentrated in a particular stock or sector.
Investors who rely on brokers for investment recommendations can pursue FINRA arbitration to recover their losses.
Margaret Connors has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
She is a registered broker and investment adviser in Washington.
In her nine years of experience, Margaret Connors has only registered with Edward Jones.
Kurta Law Can Help
If you worked with Margaret Connors and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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 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.