National investment loss lawyers KlaymanToskes is investigating broker Mary Beslagic of Edward Jones.
According to FINRA BrokerCheck, Mary Beslagic of Edward Jones was suspended for two months and fined $5,000 by FINRA for recommending that customers invest $220,000 from a home equity loan into mutual funds, which subsequently declined in value and forced the customers to take margin loans to meet liquidity needs.
Investors that suffered losses with broker Mary Beslagic are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Mary Beslagic served as a representative at Edward Jones in Manchester, Washington from August 2011 to August 2023. FINRA’s investigation determined that two customers had secured a $220,000 home equity loan intended for home remodeling. Beslagic directed these customers to invest their home equity loan proceeds in mutual funds. The mutual fund investments lost value, leading the customers to sell their positions at a loss. The customers then obtained margin loans to meet short-term liquidity needs. FINRA’s established position since 2004 states that using home equity for investment purposes is unsuitable for most investors.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Mary Beslagic, or have concerns regarding your investment portfolio at Edward Jones, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.