Troy Nelson – Financial Advisor Found Liable by Arbitration Panel | Goodman & Nekvasil P.A., May Recover Investor Losses
Troy Nelson Financial Advisor CRD #3077843
Troy Nelson has been licensed with Edward Jones since 1998 in North Dakota. According to FINRA, an arbitration claim was filed alleging that during Claimant’s divorce proceedings, Troy Nelson and Edward Jones disbursed marital funds to her former husband from a restricted account, without Claimant’s knowledge or authorization, and also unreasonably withheld marital assets awarded to Claimant. Claimants further allege, in the First and Second ASOC, that Troy Nelson and Edward Jones have been negligent in failing to terminate the life insurance policies in custodial accounts held in trust at Edward Jones, to which Claimant is a beneficiary, resulting in the depletion of the cash value of the custodial accounts.
According to FINRA, in the Statement of Claim, Claimant asserted the following causes of action: inappropriate and unsuitable investments; breach of fiduciary duty; churning; fraudulent transfers; forgery; omission of material facts; unauthorized activity, including trades, deposits, and withdrawals; and discrimination due to marital status
According to FINRA, the arbitration panel found Edward Jones and Troy Nelson to be liable and ordered Edward Jones to pay Claimant the sum of $380,862.62 and Troy Nelson the sum of $7,253 in compensatory damages.
If you lost any money on investments with Troy Nelson, you may be able to recover your losses from Edward Jones. This is because Edward Jones had a duty to supervise Troy Nelson.
If you lost money on investments with Troy Nelson 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 Edward Jones concerning Troy Nelson’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 and Nekvasil has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Troy Nelson 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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