Ed McFarlane – Edward Thomas McFarlane, Financial Advisor Suspended from Securities Industry

Ed McFarlane – Edward Thomas McFarlane, Financial Advisor Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Ed McFarlane, CRD# 2492335

Ed McFarlane is currently licensed with TCFG Wealth Management, LLC in Glenside, Pennsylvania. Ed McFarlane was previously licensed with International Assets Advisory, LLC and Oppenheimer & Co. Inc. FINRA reports that Ed McFarlane was suspended for 2 months in June 2017 and fined $5,000.

According to FINRA: Ed McFarlane consented to the sanctions and to the entry of findings that he recommended and effected unsuitable transactions involving inverse, leveraged, and inverse-leveraged exchange-traded funds (Non-Traditional ETFs) in the accounts of a customer. The findings stated that the Non-Traditional ETFs Ed McFarlane recommended did not comport with the customer’s financial situation, conservative investment objectives and minimal tolerance for risk. Ed McFarlane held the Non-Traditional ETFs in the customer’s accounts for as long as 470 days with an average holding period of 40 days, despite the fact that these Non-Traditional ETFs were short-term trading vehicles not meant to be held for extended periods. As a result of these transactions, the customer suffered total losses of approximately $48,524.79. The findings also stated that Ed McFarlane’s member firm paid restitution to the customer for these losses.

According to Ed McFarlane’s CRD, Ed McFarlane was discharged from Oppenheimer & Co. Inc. in February 2017. According to Ed McFarlane’s CRD, Ed McFarlane allegedly sent email correspondence to a number of clients without prior management approval.

If you lost any money on investments with Ed McFarlane, you may be able to recover your losses. If you lost money on investments with Ed McFarlane and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Ed McFarlane’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.

Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Ed McFarlane 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.

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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