Trey Trapp: Mutual Fund Complaint Against Ex-Edward Jones Advisor

Atlanta financial advisor Trey Trapp (CRD# 6177720) allegedly lied to a customer about his investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that the former Edward Jones broker, previously based in Belden, Mississippi, is currently registered as an investment advisor with San Blas Securities.

Mr. Trapp’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in April 2024, alleges that as a representative of Edward Jones, he lied to the customer about mutual fund investments, stating that the customer “would not lose any money.” The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in March 2024, alleges that as a representative of Edward Jones, he transferred stock and cash to other accounts without authorization. The pending complaint alleges unspecified damages.

A third investor complaint, filed in March 2024, alleged that as an Edward Jones representative, he failed to properly explain a municipal bond fund investment and did not fund the clients’ directions to liquidate the bond fund. In May 2024 the complaint reached a settlement of $8,491.78.

A fourth disclosure on Mr. Trapp’s BrokerCheck report concerns his termination from Edward Jones. Filed in February 2024, it states that the firm fired him in connection with allegations that he “did not adhere to Firm policies relating to annuity orders.” In a statement included with the disclosure, Mr. Trapp “vehemently” denied the allegations. “I contend that the variable annuity contract placed for the client was reviewed thoroughly and completely,” he wrote. “There was no issue until a complaint arose in 2023 after employment circumstances had changed due to an unexpected layoff and the client stated the product was not what they had wanted… I will fight to clear my name of this U5 discharge language via FINRA arbitration.”

According to the Financial Industry Regulatory Authority, Trey Trapp holds seven years of securities industry experience. Based in Atlanta, Georgia, he has been registered as an investment advisor with San Blas Securities since May 2024. He was previously registered with Edward Jones in Belden, Mississippi from 2017 until 2024. 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. His BrokerCheck report does not list any state licenses. (Information current as of May 18, 2024.)

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