FINRA Suspended Broker Edward R. Segur

Allegations against the New York broker include placing orders without a customer’s consent

According to the Financial Industry Regulatory Authority (FINRA), New York broker Edward R. Segur III is alleged to have opened and traded funds in an outside account opened in his wife’s name, in violation of his firm’s written supervisory procedures (WSPs), and to have accepted orders from a customer’s husband without the customer’s consent. Segur was suspended for 30 days, which ended on July 19th, 2016.

Segur currently works at Fordham Financial Management, Inc., where he has been registered since April 2015. Previously, he was employed at Four Points Capital Partners (Nov. to May 2015), Blackwell Capital Markets, Inc. (Oct. 2012 to Nov. 2013), and Rockwell Global Capital, LLC (Apr. 2012 to Oct. 2012), all in New York, among many other prior firms.

FINRA reports that in his 17 years in the securities industry, Segur has had eight disclosures, and six of the firms he has worked for have been expelled from the securities industry.

Other FINRA complaints against Segur include an allegation that he contacted an Arkansas resident on a cold call in January 2013 with claims that he had information that a stock would rise greatly in value in the near future. In this case, the Arkansas Securities Department found that Segur violated a rule which prohibits a broker-dealer or agent from making unjustified or untruthful claims that a security will be listed, traded, or otherwise increase in value.

If you enlisted the services of New York broker Edward R. Segur and have suffered losses as a result of this relationship, you may be able to recover some or all of your losses through securities arbitration. You can find out more about the allegations against him by reviewing his BrokerCheck report, a complimentary service provided by FINRA.

The attorneys at Silver Law Group are leaders in the field of securities arbitration. We represent individual and institutional investors across the United States who have lost money at the hands of a trusted financial advisor. Scott Silver is currently the chairman of the American Trial Lawyers Association, Securities and Financial Fraud Group and routinely represents investors in securities arbitration claims. Our services are provided on a contingency-fee basis, which means we are only compensated if there is a recovery of losses. Contact us for a complimentary consultation about your situation.