May 22, 2024

Todd Bruns Facing Edward Jones Client Disputes

Family Broker Fraud

Investors might have sustained losses due to securities broker Todd Mathew Bruns [CRD: 2717729, Folsom, California], according to disclosures on the Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Bruns has been registered with Edward Jones since October 17, 2003. Continue reading to learn more about the disputes involving Bruns.

Edward Jones Client Accused Bruns Of Disregarding Trustee Instructions

Specifically, on October 4, 2023, an Edward Jones client filed FINRA Arbitration No. 23-02702 about Todd Bruns. Supposedly, a trustee alleged that Bruns disregarded instructions to sell the assets held by Edward Jones. Instead, the funds were allegedly invested, resulting in losses. Because of this, the client allegedly sustained damages amounting to $54,403.62. Therefore, the client requested compensation in this amount from Edward Jones or Bruns. Evidently, this arbitration is pending a resolution.

Edward Jones Investor Accused Todd Bruns Of Bad Investment Diversification

Also, on March 3, 2009, a complaint was filed against Todd Bruns by an Edward Jones client. Mainly, the attorney for the successor trustee of a trust alleged that Bruns was informed about the client’s age and health considerations which made diversification unnecessary. Supposedly, Bruns insisted on diversifying the client’s portfolio, which led to an accrual of $91,062 in capital gains taxes, which could have been avoided if the Wells Fargo stock had remained in the trust. This also supposedly resulted in the inability of the trustee to complete the bequests as outlined in the trust. However, the firm denied this complaint.

Bruns Disclosed Mismanagement Allegations By Prudential Securities Incorporated Client

Particularly, a client of Prudential Securities Incorporated contested Todd Bruns’s sales practices, according to a complaint dated April 2, 2003. Allegedly, the client’s account suffered from a lack of management. It appears that Bruns allegedly caused the client to sustain damages on equities. Consequently, the client sought compensatory relief from Prudential Securities Incorporated or Bruns in this matter. However, the brokerage denied this complaint.

Did You Sustain Losses Because Of Securities Broker Todd Bruns?

Did you experience losses because of Todd Bruns? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Bruns and brokerage firms Edward Jones deny accusations of sales practice violations.

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