San Diego financial advisor Aubrey Morrow (CRD# 836500) allegedly recommended unsuitable investments, according to recent investor complaints. Financial Industry Regulatory...Read More
Albert Collingbourne: Edward Jones Advisor Faces Crypto Complaint
A recent investor complaint against Anadarko, Oklahoma financial advisor Albert Collingbourne (CRD# 4741840) alleges that his investment advice resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Edward Jones, having previously been registered with Arvest Wealth Management.
Mr. Collingbourne’s BrokerCheck report discloses one investor complaint. Filed in August 2023, it alleges that as a representative of Edward Jones, he recommended that the customer and his associates “establish a private equity company” outside the firm that Mr. Collingbourne would manage. The complaint also alleges that at Mr. Collingbourne’s recommendation, he “opened a TastyTrade account, deposited $50,000, purchased stocks and crypto and lost approximately 40% of his money” within six months. The pending complaint alleges damages of $20,000.
FINRA Rule 2010 stipulates FINRA-associated persons must “observe high standards of commercial honor and just and equitable principles of trade.” FINRA Rule 2111, meanwhile, stipulates that brokers must recommend investments which they have a reasonable basis to believe are suitable for their customers, based on reasonable diligence into their customers’ background and objectives. Brokers who fail to follow these rules may be held liable for damages in the event of losses.
According to the Financial Industry Regulatory Authority, Albert Collingbourne holds eight years of securities industry experience. Based in Anadarko, Oklahoma, he has been a broker and an investment advisor with Edward Jones since 2018. His past registrations include Arvest Wealth Management (Oklahoma City, Oklahoma; 2016-2018), Chase Investment Services (Chicago, Illinois; 2005), and Banc One Securities Corporation (Chicago, Illinois; 2004-2005). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arkansas, California, Colorado, Florida, Georgia, Nevada, North Carolina, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, and Virginia. (Information current as of August 27, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.