Michael Billings Facing Investor Dispute

Michael Billings (CRD #: 2366576), a broker registered with Edward Jones, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on March 6, 2023. 

On July 20, 2022, an investor alleged that Michael Billings purchased securities without first discussing their purchase with the client. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Investors can still recover money following denial through FINRA arbitration.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which prohibits brokers from executing discretionary trades unless the account has been approved for discretionary trading by both the firm and the customer. 

FINRA Rule 2010

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 FINRA Rule 2010. 

Background Information

Michael Billings has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 4 Registered Options Principal Examination 

He is a registered broker in 19 states and a registered investment adviser in Oregon and Texas. 

Besides Edward Jones, Michael Billings has registered with the following firms: 

• Private Consulting Group (CRD #: 45053) 
• Alexis Capital Management (CRD #: 133365) 
• NFP Securities (CRD #: 42046) 
• Private Consulting (CRD #: 45053) 
• Financial Network Investment Corporation (CRD #: 13572) 

Kurta Law Can Help

If you worked with Michael Billings 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.