Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan Edelstein (Edelstein), previously associated with Kestra Investment Services, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Edelstein recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $870,916.00 on October 28, 2022.
Claimants allege Kestra failed to conduct reasonable due diligence, recommended unsuitable speculative investments to elderly investors, and failed to monitor and manage the claimants accounts.