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Read MoreDavid Ross: Why Did Edward Jones Fire Portland Advisor?
Portland financial advisor David Ross (CRD# 6284235) was recently fired by a former broker-dealer firm in connection with alleged rule violations. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that he is currently registered as an investment advisor with Price Financial Group Wealth Management.
Mr. Ross’s BrokerCheck report discloses his recent termination from Edward Jones. Filed in July 2023, the disclosure states that the firm fired him in connection with allegations of concerns that he “did not adhere to policies regarding accepting trade instructions and client care obligations.”
Investors’s should be aware of the SEC’s “Regulation Best Interest,” a standard of conduct that requires brokers to recommend investments in their clients’ best interests. Both broker-dealer firms and their registered representatives are beholden to what the regulation defines as a “Care Obligation,” stipulating that they must “have a reasonable basis to believe that each recommendation or series of recommendations made is in the best interest of the particular retail customer and does not place their financial or other interests ahead of the interest of the retail customer.” More information about these standards is available via FINRA.
According to the Financial Industry Regulatory Authority and Securities and Exchange Commission, David Ross holds nine years of securities industry experience. Based in Portland, Oregon, he has been an investment advisor with Price Financial Group Wealth Management since October 2023. He was previously registered with Edward Jones in Lake Oswego, Oregon from 2014 until 2023. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Oregon and Texas. (Information current as of October 9, 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.