Edgar Mock Sanctioned, Targeted In Investor Dispute

Investor Alleges Sales Practice Violations By Money Management Advisory's Edgar Mock

Soreide Law Group comes to you with new information in regard to securities broker Edgar Davis Mock (CRD#: 1309680, Feasterville, PA). Namely, an investor alleged sales practice violations, including breach of fiduciary duty, in a dispute involving Mock. This concerns Mock's actions at Money Management Advisory Inc., his employer from 1986 to 2018. BrokerCheck also shows that two regulators sanctioned Mock. Here’s a quick summary of the disclosures.

Edgar Mock’s Money Management Advisory Client Alleges Breach Of Fiduciary Duty

Evidently, a client of Money Management Advisory complained about Edgar Mock’s sales practices. Mainly, the client first alleged that Mock had them invest in unsuitable securities from 2012 to 2017. Next, the client alleges unjust enrichment, breach of fiduciary duty, and failure to supervise. Finally, Money Management Advisory allegedly violated Pennsylvania Unfair Trade Practices and Consumer Protection Law. It appears that Money Management Advisory opted to pay $50,000 to resolve this matter in June 2021.

Regulatory Sanctions Against Mock From FINRA, Securities Division Of The Office Of Maryland Attorney General

Also, it appears that FINRA sanctioned Edgar Mock to resolve allegations of him falsifying documents pertaining to annual reports of supervisory control systems and processes. Mock paid the fine and served a suspension as a securities principal. Evidently, Maryland’s disciplinary action concerns Mock allegedly violating Maryland Securities Act by "transacting businesses as an unregistered investment adviser.” It appears that Money Management Advisory potentially employed unregistered advisors. Without admitting to the allegations, Mock paid a $5,000 fine to resolve this matter.

Did You Suffer Damages Because Of Broker Edgar Mock?

Did securities broker Edgar Mock cause you to suffer losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer regarding a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has helped many United States investors recover compensation when they have incurred losses by their financial advisors and securities brokers. Please note that Mock denies all allegations by clients.