Derek Prater – Financial Advisor Derek Prater Discharged by Edward Jones | Goodman & Nekvasil, P.A. May Recover Investor Losses
Derek Prater CRD #4063564
From 2011 until his firing in 2014, Derek Prater was licensed with Edward Jones. According to FINRA’s records, Derek Prater was fired by Edward Jones on February 11, 2014. Edward Jones reported to FINRA that Derek Prater was fired for violating firm policy by using discretion in client accounts as well as providing inaccurate information during a compliance investigation.
Following Derek Prater’s discharge by Edward Jones, FINRA investigated Derek Prater and brought a disciplinary action against Derek Prater. Derek Prater consented to a 2-year suspension and a $17,500 monetary fine. Derek Prater also consented to findings that he violated FINRA rules by engaging in unauthorized trading, improper discretionary trading and making false statements to Edward Jones.
If you lost any money on investments with Derek Prater, you may be able to recover your losses from Edward Jones. This is because Edward Jones had a duty to supervise Derek Prater.
We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Edward Jones concerning Derek Prater’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Derek Prater through Edward Jones and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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