Can I Recover Losses From Former Geneos Wealth Management, Inc. Broker Randolph Eddlemon III?
Posted on Wednesday, December 11th, 2019 at 3:26 pm
Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Geneos Wealth Management, Inc. broker Randolph Eddlemon III (CRD# 2285234). Eddlemon has been registered with Geneos Wealth Management, Inc. in Scottsdale, Arizona from 2005 to 2017, when he was terminated regarding, “Inappropriate and unauthorized use of client information.”
In March 2018, FINRA barred Eddlemon after he failed to respond to FINRA request for information.
Eddlemon has been the subject of three customer complaints between 2017 and 2018, two of which were denied, according to his CRD report:
December 2018. “Customer alleges that the variable annuities purchased were unsuitable along with other causes of action and that the Representative’s recommendation of switching her variable annuities from a period of 1994 (while Representative was with Royal Alliance) were improper and in 2017 transferred the accounts away from Geneos. Client alleges no specified investment damages, but is claiming compensatory damages at this time.” The customer is seeking $350,000 in damages and the case is currently pending. This case is regarding a variable annuity.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Geneos Wealth Management, Inc. may be liable for investment or other losses suffered by Eddlemon’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.