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Paul Edwards Allegedly Failed to Act in Clients’ Best Interest

Nov 15, 2022 Regulation Best Interest

Paul Edwards (CRD #: 5967107), a broker registered with NYLIFE Securities, allegedly failed to act in investors’ best interests, according to his BrokerCheck record, accessed on November 5, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On May 18, 2017, multiple investors filed a dispute alleging that Paul Edwards purchased two fixed annuities in December 2016 that were not in their best interest. The clients also alleged that one of these annuities was purchased using the proceeds from a securities account. This dispute was settled for $615,648.53.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put clients’ best interests first. For example, firms must conduct due diligence in researching and recommending investments, as well as disclose any conflicts of interest they may have in these transactions.

Background Information

Paul Edwards has passed the following exams:

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

Paul Edwards is a registered broker in Florida, Georgia, and New York.

He has also worked for Edward Jones (CRD#:250).

Kurta Law Can Help

If you worked with Paul Edwards 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.