RHETT BEDWELL Barred by FINRA

RHETT DOUGLAS BEDWELL (RHETT BEDWELL) CRD#: 5664392, was barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm. 
On March 2, 2021, without admitting or denying FINRA’s findings, RHETT BEDWELL consented to the sanction and to the entry of findings that he allegedly refused to produce information and documents requested by FINRA during the course of its review of an amended Form U5 filed by his former member firm.
FINRA’s findings stated that the Form U5 disclosed that RHETT BEDWELL had been identified in a pending client arbitration alleging that he moved a client's IRA to a different administrator and used alleged forged documentation to invest the claimant's money in a Ponzi scheme, according to FINRA. Although Bedwell provided some of the information and documents requested by FINRA, he allegedly failed to respond to certain requests.
According to a recent article in ThinkAdvisor, RHETT BEDWELL was registered with LPL Financial in Rogers, Arkansas, from 2017 to 2019.  On Aug. 9, 2019, LPL filed a Form U5 Uniform Termination Notice stating that Bedwell had voluntarily resigned from the firm. On Sept. 9, 2020, LPL filed an amended Form U5 disclosing that Bedwell had been identified in a pending client arbitration alleging that, in 2019, he “moved clients IRA to a different administrator and used forged documentation to invest claimant’s money in a Ponzi scheme,” according to FINRA. On Nov. 6, 2020, LPL filed a second amended Form U5 disclosing an internal review of Bedwell’s activities because of allegations from clients, according to FINRA.
It states on FINRA’s BrokerCheck, RHETT BEDWELL was registered in the securities industry for 10 years and was listed with 5 firms.  Bedwell was previously registered both as a broker and as an investment advisor.
If you’ve experienced financial losses due to the actions or recommendations of RHETT BEDWELL formerly of LPL Financial of Rogers, Arkansas, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery or your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents our clients nationwide before FINRA.