Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Benjamin F. Edwards & Company, Inc.. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
Benjamin F. Edwards and Company is a full-service brokerage and registered investment adviser that offers a range of financial products and advisory services to individual investors under its Investments for Generations philosophy. Founded in 2008 by Tad Edwards after the sale of the family firm AG Edwards and headquartered in St. Louis, Missouri, the firm is a subsidiary of holding company Benjamin Edwards and has expanded to 25 branches in 15 states.
Benjamin F. Edwards & Company, Inc. – By the Numbers:
- CRD #: 146936
- Regulatory Events: 3
- Broker Employees: 580
Benjamin F. Edwards & Company, Inc. – Investment Advisors:
- SEC #: 71421
- Assets Under Management: $18,915,206,310
- ADV Form Employee: 755
Benjamin F. Edwards & Company, Inc. – In the News:
FINRA v. Benjamin F. Edwards & Company, Inc. (Case #2022073836301) – Between at least October 2019 and December 2023, Benjamin Edwards failed to reasonably supervise its employees’ use of text messaging and failed to preserve and review business-related text messages of registered representatives. These failures continued despite the firm being on notice of its failure to capture business-related text messages. Therefore, the firm violated Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rule 17a-4, and FINRA Rules 4511, 3110, and 2010. Between November 2018 and October 2019, the firm failed to comply with certain of its discovery obligations in an arbitration brought in FINRA’s Dispute Resolution forum. Therefore, the firm violated FINRA Rule 2010. For these violations, the firm is censured and fined $750,000.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.