Edward Balmes (CRD #: 2110152), a broker registered with Moloney Securities Co. Inc., is facing allegations that he made unsuitable investment recommendations, according to his BrokerCheck record, accessed August 25, 2020. He is also an investment adviser registered with Moloney Securities Asset Management LLC.
On July 27, 2020, a client alleged that Edward Balmes made an unsuitable investment recommendation. The client is seeking damages of $500,000; the dispute is pending.
On July 12, 2019, an investor alleged that Mr. Balmes had engaged in outside business activities that involved performing tax services, and that Mr. Balmes had failed to file his tax return on time. The client was seeking $38,000; the dispute was denied.
Edward Balmes has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essential Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in California, Florida, Illinois, Indiana, Kansas, Missouri, and Texas. He is a registered a Missouri.
During his 29-year career, Edward Balmes has worked at the following firms:
- RT Jones Capital Equities, Inc. (CRD #: 19775)
- NYLife Securities Inc. (CRD #: 5167)
If Edward Balmes was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys at Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for your free case consultation with a securities attorney.