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Maureen Kane Allegedly Engaged in Unauthorized Trading

Aug 2, 2023 Unauthorized Trading

Maureen Kane (CRD #: 7151706), a broker registered with Edward Jones, is facing an investor dispute. The investor allegations appear in her BrokerCheck record, accessed on July 27, 2023. Keep reading if you have concerns about her conduct as a broker. 

On May 17, 2023, an investor alleged that Maureen Kane sold Anthem stock in December 2021 without their knowledge. Unauthorized trading is prohibited by FINRA Rule 3260. The investor is seeking $175,000 in this pending dispute. 

FINRA Rule 3260 and Unauthorized Trading

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must also be approved by the firm..

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading also violates FINRA Rule 2010. 

Background Information 

Maureen Kane has passed the following exams: 

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

She is a registered broker in 28 states and D.C. She is a registered investment adviser in Texas and Virginia. 

Maureen Kane has only ever registered with Edward Jones (CRD #: 250). 

Kurta Law Can Help

If you worked with Maureen Kane and you have concerns about your investments, please contact us today at 877-600-0098 or 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.