Simeon Joseph Hill (CRD #6959162) Has a Customer Dispute Disclosure on FINRA BrokerCheck
Simeon Joseph Hill (CRD #6959162) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 21, 2026. It reflects one customer dispute. If you invested with Simeon Hill and have concerns, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Investor Disputes / Customer Complaints
Simeon Hill’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:
On February 20, 2026, a customer alleged that $15,000 was withdrawn from her IRA account without authorization. Simeon Hill’s FINRA BrokerCheck report lists the alleged damages at $15,000. The matter settled on March 12, 2026, for $16,500. BrokerCheck lists no individual contribution amount.
Rule Summary #1: FINRA Rule 2150 (Improper Use of Customers’ Securities or Funds)
FINRA Rule 2150 says a broker cannot make improper use of a customer’s securities or funds. A complaint about an unauthorized withdrawal can raise questions about account handling and the protection of customer assets.
Rule Summary #2: FINRA Rule 3110 (Supervision)
FINRA Rule 3110 requires firms to maintain and enforce written supervisory procedures. A dispute over an unauthorized withdrawal can also raise questions about how account activity was reviewed and supervised.
Why This Matters to Investors (Regulation Best Interest (Reg BI))
Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.
Reg BI has four key obligations:
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Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.
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Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.
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Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.
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Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.
Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.
Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background Information (from BrokerCheck)
Based on His FINRA BrokerCheck report, Simeon Hill:
Is currently registered with Edward Jones.
Has passed the Securities Industry Essentials (SIE) exam. Simeon Hill has also passed Series 7TO and Series 66.
Was previously registered with Park Avenue Securities LLC.
Kurta Law Can Help
If you have worked with Simeon Hill and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. Our attorneys represent investors in FINRA arbitration and related securities matters. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.
Helpful resources: Unauthorized Trading | Securities Attorney
For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.