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Did Richard Ebaugh Breach his Fiduciary Duties?

Jan 26, 2022 Unsuitable Investments

Richard Ebaugh (CRD #:5078591), a broker and investment advisor registered with Edward Jones, is involved in an investor dispute according to his BrokerCheck record, accessed on January 7, 2022.  Keep reading for more details if you are concerned about Richard Ebaugh's conduct as a broker. 

Investor Allegations 

According to the allegations filed on October 31, 2021, Richard Ebaugh did not act in the clients' best interest when he sold his clients two annuities. The dispute was denied, but investors should know that a denial does not necessarily mean the end of the dispute. You can still seek FINRA arbitration and recover your losses following a denial. 

Richard Ebaugh's alleged conduct is unethical and violates FINRA Rule 2010, which states that brokers must uphold the highest standards of commercial honor. An advisor's breach of fiduciary duty generally entitles you to damages up to the amount you lost because of the breach. 

Background Information 

Richard Ebaugh has passed the following exams: 

  • Series 66 - Uniform Combined State Law Examination  
  • Series 63 - Uniform Securities Agent State Law Examination 
  • SIE - Securities Industry Essentials Examination 
  • Series 7 - General Securities Representative Examination 

Richard Ebaugh is a registered broker in 15 states. He is also a registered investment advisor in Florida. 

BesidesEdward Jones, Richard Ebaugh has also worked with: 

  • Morgan Stanley (CRD#:149777) 
  • Investacorp Advisory Services (CRD#:109011) 
  • Investacorp (CRD#:7684) 
  • Strategic Advisers (CRD#:104555) 
  • Fidelity Brokerage Services (CRD#:7784) 

Kurta Law Can Help 

If you have worked with Richard Ebaugh and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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.