Winston Felix Of Edward Jones Faced Regulatory Complaint About Alleged Unsuitable Advice

A Washington regulator brought a complaint against securities broker Winston Lawrence Felix [CRD: 7183135, Seattle, Washington], and investors complained about him, according to public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Felix worked for Edward Jones from January 1, 2020, to February 24, 2025. Investors are encouraged to continue reading to find out more about Felix’s disclosures and regulatory history.

Washington Charged Felix With Unsuitable Recommendations

Evidently, on January 30, 2025, the State of Washington Department of Financial Institutions Securities Division initiated Case: S-24-3791-25-SC01 against Winston Felix. Mainly, the regulator alleged that Felix made an unsuitable recommendation to a client to effect securities transactions for tax-loss harvesting purposes. Therefore, the regulator intends to sanction Felix.

According to the pending regulatory action, the Division alleges that in 2022 Felix, while associated with Edward Jones, recommended that a Washington resident execute a series of trades in a brokerage account for tax-loss harvesting purposes. The alleged activity involved stocks and mutual funds and reportedly generated more than $120,000 in capital losses. The regulator is seeking sanctions that include a cease and desist order, civil and administrative penalties or fines, and a possible suspension. This matter remains pending.

Winston Felix Disclosed Unauthorized Trading Allegations By Edward Jones Client

Specifically, a client of Edward Jones contested Winston Felix’s sales practices, according to a complaint. Allegedly, Felix engaged in unauthorized trading by placing trades the client stated she did not authorize. It appears that Felix caused the client to incur damages in stocks. As a result, Edward Jones opted to settle the matter on June 21, 2023, by compensating the client in the amount of $62,317.43.

Were You Impacted By Financial Advisor / Securities Broker Felix?

Are you concerned about your investments through Winston Felix? Get in touch with Soreide Law Group at (888) 760-6552 or online and speak with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Felix and brokerage firms Felix worked for deny accusations of sales practice violations.