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Edward Stike: $750K Complaint Against Stike Wealth Advisor
Charleston, West Virginia financial advisor Edward Stike (CRD# 1439479) recently received an investor complaint alleging six-figure damages stemming from investments in equities and bonds. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with LPL Financial, doing business as Stike Wealth Enhancement Group.
Mr. Stike’s BrokerCheck report discloses one investor complaint. Filed in November 2022, it alleges that as a representative of RBC Capital Markets, he recommended “excessively risky and over-weighted equities and high yield bonds” outside of the customer’s risk tolerance. (For reference, FINRA’s suitability rule forbids brokers from recommending investments with risk levels that are incompatible with an investor’s risk profile.) The pending complaint alleges damages of $750,000.
According to the Financial Industry Regulatory Authority, Edward Stike holds 37 years of securities industry experience. Based in Charleston, West Virginia, he has been a broker and an investment advisor with LPL Financial since 2022, doing business as Stike Wealth Enhancement Group. His past registrations include RBC Capital Markets (Charleston, West Virginia; 2009-2022), Ferris Baker Watts (Charleston, West Virginia; 1993-2009), Wheat First Securities (Charlotte, North Carolina; 1990-1993), Shearson Lehman Hutton (New York, New York; 1988-1990), EF Hutton & Company (1987-1988), and First Investors Corporation (1985-1987). His credentials include the passage of eight securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the Uniform Investment Adviser Law Examination, or Series 65; the General Securities Sales Supervisor – General Module Examination, or Series 10; the Uniform Securities Agent State Law Examination, or Series 63; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Futures Managed Funds Examination, or Series 31. He holds 34 state licenses. (Information current as of December 13, 2022.)
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