Derek Prater and Edward Jones & Co.
Have you lost money with financial advisor Derek Prater of Baytown, Texas? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Derek Prater. FINRA suspended Prater from the securities industry for two years regarding allegations that he made unauthorized transactions in customer accounts. FINRA alleged that Prater used discretion in his customers’ accounts at Edward Jones with knowledge or authorization from his customers.
Derek Prater was a financial advisor and registered representative of Edward Jones & Co. from August 2011 to March 2014. He worked at a branch office in Baytown, Texas.
Brokerage firms like Edward Jones have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Texas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Prater FINRA AWC
Click to view: Prater BrokerCheck 2.23.16
HAVE YOU LOST MONEY WITH DEREK PRATER OR EDWARD JONES?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Denver Office: (720) 599-3505
Seattle Office: (206) 795-5798