DID EDWARD JOSEPH BROWNSTEIN III CAUSE YOU INVESTMENT LOSSES?
About Edward Brownstein III of Creative Planning?
Edward Brownstein III (CRD #4907060) has been a registered securities broker with significant experience across various firms. His professional journey includes supervisory roles and passing numerous securities exams. Despite no longer being registered, his career spanned positions at reputable firms, including TD Ameritrade and Scottrade.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Edward Brownstein III Customer Complaints and Reviews
Edward Brownstein III has one customer dispute on record:
- Firm: TD Ameritrade, Inc.
- Allegations: Misrepresentation related to corporate and government debt products.
- Reported Damages: $7,500.
- Outcome: The dispute was settled on March 26, 2010, with a settlement amount of $1,000.
- Court Details: Philadelphia Municipal Court, First Judicial District of Pennsylvania, Docket #SC-10-02-02-3469.
Allegations Against Edward Brownstein III
- The customer complaint against Edward Brownstein III involved accusations of misrepresentation regarding corporate and government debt products. The allegations were formally raised in a written complaint received on April 22, 2009. Although the firm concluded there was no merit to the claim, the matter was settled for $1,000, likely as a business decision to avoid further litigation costs or customer dissatisfaction.
Edward Brownstein III Employment History
Mr. Andrews has passed three securities exams: two general industry/product exams (Series 7 and Securities Industry Essentials) and one multi-state securities law exam (Series 66). He holds the Certified Financial Planner designation.
- Employment History:
- Creative Planning (05/2015–Present, Overland Park, Kansas), Investment Adviser Representative.
- Scottrade (05/2014–05/2015), Branch Manager.
- TD Ameritrade, Inc. (01/2007–06/2014), Tampa, FL
- USAA Investment Management Company (02/2005–10/2006
- Exams Passed:
- 2 Principal/Supervisory Exams (Series 9 and 10).
- 3 General Industry/Product Exams (Series 7, Series 6, and Securities Industry Essentials Exam).
- 2 Multi-State Securities Law Exams (Series 63 and 65).
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors are legally obligated to uphold fiduciary duties, which require acting in the best interests of their clients. This includes disclosing all relevant information about investment strategies, risks, and fees to ensure clients make informed decisions. Advisors must exercise a duty of care by employing their expertise to recommend suitable financial strategies, avoiding conflicts of interest, and maintaining transparency. Upholding these principles fosters trust and aligns with the advisor’s ethical and professional obligations.
Option Trading Can Be Extremely Risky
Options trading involves significant risks due to its speculative nature and potential for substantial losses. High-risk strategies, such as naked call selling, expose clients to unlimited loss potential if the market price rises unexpectedly. Another risky strategy is leveraged straddle trades, which involve significant capital and market movement speculation. These approaches are not suitable for risk-averse investors and require careful consideration of market volatility and margin requirements. Advisors must ensure clients understand these risks and consider whether such strategies align with their financial goals and risk tolerance.
Edward Brownstein III Red Flags & Your Rights As An Investor
Of course, Edward Brownstein III did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Edward Brownstein III has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Edward Brownstein III
If you have questions about Creative Planning and/or Edward Brownstein III and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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