Benjamin F. Edwards Clients File Disputes About Broker Peter Budd
Investment loss recovery counsel at Soreide Law Group provides you with new information on securities broker Peter Charlton Budd aka “Jay Budd” (CRD#: 1337006, Morristown, New Jersey). Notably, Budd discloses information about investor disputes on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Budd was a securities broker at Benjamin F. Edwards Company Inc. (his employer from 2013 to 2019). However, he voluntarily resigned after the firm discovered he purportedly traded in accounts where he was not registered. Also, FINRA sanctioned him. Take a closer look at the allegations of unsuitable excessive trading, unsuitability, and unauthorized trading as reported on BrokerCheck. But keep in mind that the broker denies any alleged misconduct.
FINRA Issues Indefinite Suspension To Peter Budd
Evidently, the regulator sanctioned Peter Budd in September 2021 for not paying an arbitration award. For this reason, during the suspension, Budd is not allowed to associate with FINRA-member firms in any capacity.
Benjamin F. Edwards Company Inc. Client Alleges Poor Advice, Excessive Trading
Also, a Benjamin F. Edwards Company Inc. client took issue with Peter Budd’s actions, per a dispute in January 2019. Supposedly, the client experienced damages stemming from Budd’s inappropriate sales practices relating to stocks, including poor advice, overconcentration, and excessive trading. However, in January 2019, the client withdrew their complaint.
Client Alleges Unauthorized Trading By Peter Budd At Benjamin F. Edwards
Moreover, a Benjamin F. Edwards Company Inc. client decided to lodge a dispute about Peter Budd’s and the securities firm’s sales practices in 2017. Notably, the investor’s causes of action against the securities firm in this 2018 arbitration claim include unauthorized trading, excessive trading, breach of fiduciary duty, unsuitability, negligence, and breach of contract. Supposedly, the securities firm or Budd caused the client to incur damages by investing in equities (stocks, over-the-counter equities). Evidently, the client accepted $275,000 in damages from the securities firm, according to a settlement between the firm and the client in July 2019.
Benjamin F. Edwards Company Inc. Client Alleges Unauthorized Equity Purchases
Further, a Benjamin F. Edwards Company Inc. client contested Peter Budd’s sales practices in June 2017. Supposedly, the client experienced damages stemming from Budd’s unauthorized purchases from 2014 to 2017. However, in June 2017, the securities firm denied this client’s allegation of inappropriate sales practices and denied their request for compensation.
Losses By Investing Through Peter Budd?
If you experienced damages by this broker, reach out to Soreide Law Group at (888) 760-6552 to speak with experienced counsel concerning a possible recovery of your investment losses. We take cases on a contingency fee arrangement and advance all costs. Also, the law firm has recovered compensation for many US clients who have experienced losses from securities brokers and financial advisors.
