Current Investigations

Edward Beyn Barred From Acting As A Securities Broker In Any Fashion Following Accusations Of Churning

By April 17, 2019 No Comments

Edward Beyn was a New York-based securities broker. He worked in the securities industry for seven years. During his career, he was registered with six different securities firms.

His registrations included; Pointe Capital (2008), Clark Dodge & Co. (2008-2009), JHS Capital Advisors (2009-2010), Brookstone Securities (2010-2012), Craig Scott Capital (2012-2015), and Rothschild Lieberman (2015-2016). He is no longer working as a registered securities broker in any fashion.

Edward Beyn’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.

In August 2014, a customer alleged fraud, negligent misrepresentation, unsuitability, violations of federal securities laws, and breach of fiduciary duty. This case is currently pending. The customer is seeking $200,000 in damages.

In September 2014, a customer alleged that Beyn misrepresented the amount of commissions he would charge. This case is currently pending.

Also in September 2014, a customer alleged that the trades Edward Beyn placed him in were highly speculative and unsuitable. The customer also alleged that Beyn breached his fiduciary duty. This case is currently pending. The customer is seeking $1 million in damages.

In March 2016, Edward Beyn was barred by FINRA from acting as a securities broker in any fashion following allegations that he churned customers’ accounts.

In March 2018, a customer alleged churning, unsuitability, unauthorized trading, fraud, misrepresentation, and violation of Securities Laws against Edward Beyn. This case went to arbitration where the customer was awarded an undisclosed amount in damages. The award has yet to be paid to the customer.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Edward Beyn, please contact Oakes & Fosher for a free and private consultation.