MANCHESTER, WASHINGTON
Have you lost money with advisor Mary Beslagic, formerly with Edward Jones in Manchester, Washington? Our investment fraud law firm is reviewing claims made against this advisor, who was suspended by FINRA from the securities industry for two months and was fined $5,000.
FINRA’s AWC alleges that two of her customers had taken out a $220,000 home equity loan to remodel their home. Knowing this, Ms. Beslagic recommended that the customers invest that money in mutual funds. As the mutual funds declined in value, the customers sold their investments at a loss and had to take out margin loans to meet short-term liquidity needs. FINRA has warned financial advisors going back to 2004 that using home equity to invest is not suitable for most investors.
From August 2011 to August 2023, Mary Beslagic was a representative of Edward Jones. She worked in a Manchester, Washington office. She was also the subject of a customer complaint.
Israels & Neuman is an investment fraud law firm that represents clients in all 50 states including investors in Washington. Attorney Dave Neuman has an office in Seattle and is licensed to practice law in Washington.
To see the FINRA AWC against Mary Beslagic, please click HERE.
You can find Mary Beslagic’s BrokerCheck Report HERE.