Close Menu
Free Consultation: 888-976-6111

Edward Balmes: Did Moloney Advisor Recommend Unsuitable Bonds?

Recent investor complaints against Chesterfield, Missouri financial advisor Edward Balmes (CRD# 2110152) allege negligence and suitability violations. Financial Industry Regulatory Authority records show that he is a broker with Moloney Securities and an investment advisor with Moloney Securities Asset Management.

Mr. Balmes’ BrokerCheck report discloses three investor complaints. The most recent, filed in November 2022, alleges that as a representative of Moloney Securities, he recommended unsuitable corporate bond investments and acted negligently. The pending complaint alleges damages of $99,000.

An earlier investor complaint, filed in 2020, alleged that as a representative of Moloney Securities, he recommended unsuitable direct investments between 2010 and 2020 that suffered declines. The complaint reached a settlement of $77,500.

A third investor complaint, also filed in 2020, alleged that he recommended an unsuitable real estate investment while at Moloney Securities. The complaint evolved into an arbitration proceeding before a FINRA panel, which issued an award to the customer of $1,750.

According to the Financial Industry Regulatory Authority, Edward Balmes holds 32 years of securities industry experience. Based in Chesterfield, Missouri, he has been a broker with Moloney Securities since 2016 and an investment advisor with Moloney Securities Asset Management since 2022. His past registrations include Moloney Securities (Manchester, Missouri; 2009-2016), RT Jones Capital Equities (St. Louis, Missouri; 1997-2008), and NYLife Securities (New York, New York; 1990-1992). 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 Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Florida, Illinois, Indiana, Kansas, Missouri, Oklahoma, and Texas. (Information current as of December 15, 2022.)

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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Morgan Stanley, Merrill Lynch Face Deferred Compensation Claims

    A number of advisors have filed claims against investment firms in connection with allegations that the firms illegally withheld their...

    Read More
  • Bruce Beetz: $300K Complaint Against Emerson Equity Advisor

    Hollister, California financial advisor Bruce Beetz (CRD# 1527269) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial...

    Read More
  • John Pigeon: $120K Complaint Against Osaic Advisor

    Fall River, Massachusetts financial advisor John Pigeon (CRD# 2354079) recently received an investor complaint alleging that his conduct resulted in...

    Read More
  • Skip Chatelain: Prospera, Dorsey Advisor Faces $100K-$500K Complaint

    A recent investor complaint against Metairie, Louisiana financial advisor Skip Chatelain (CRD# 4192942) alleges that his conduct resulted in six-figure...

    Read More
  • Previous
  • Next