Goodman & Nekvasil P.A., May Recover Investor Losses – Edward Lonnie Dover III Fired by SunTrust Investment Services, Inc.
From 2005 until Edward Dover III’s firing in 2016, Edward Dover III was licensed with SunTrust Investment Services, Inc. Edward Dover III is now licensed with Moors & Cabot, Inc. According to FINRA’s records, Edward Dover III was fired by SunTrust Investment Services, Inc. on September 20, 2016. SunTrust Investment Services, Inc. reported to FINRA that Edward Dover III failed to follow procedures when processing a fixed annuity transaction–the transaction should have been processed as a 1035 Exchange. The firm reported to FINRA that that Edward Dover III failed to follow SunTrust Investment Services, Inc. policies with regard to resolution of the matter.
FINRA reports that five arbitration claims and/or complaints were filed involving Edward Dover III’s conduct with SunTrust Investment Services, Inc., alleging misrepresentation, failure to disclose risk and/or other allegations. These arbitration claims and/or complaints were all settled for $125,000, $107,000, $92,000, $90,000 and $58,000.
FINRA also reports that a previous arbitration claim involving Edward Dover III was filed, alleging fraud, negligence, breach of fiduciary duty, misrepresentation, and breach of contract. This case did not settle and proceeded to final hearing. The arbitration panel issued a $75,000 award for the customer. The arbitration panel found SunTrust Investment Services, Inc. liable on the claims of negligence and misrepresentation.
If you lost any money on investments with Edward Dover III while Edward Dover III was employed with SunTrust Investment Services, Inc. and/or Moors & Cabot, Inc. you may be able to recover your losses from SunTrust Investment Services, Inc. and/or Moors & Cabot, Inc. This is because SunTrust Investment Services, Inc. and/or Moors & Cabot, Inc. had a duty to supervise Edward Dover III.
If you lost money on investments with Edward Dover III, 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 against SunTrust Investment Services, Inc. and/or Moors & Cabot, Inc. concerning Edward Dover III’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 Edward Dover III 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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