Randolph Lee Eddlemon III (also known as Randy Eddlemon) of Scottsdale Arizona a stockbroker formerly registered with Geneos Wealth Management Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Eddlemon neglected to cooperate with FINRA’s information request. Case No. 2017055260401 (Mar. 22, 2018).
According to FINRA Public Disclosure, Eddlemon was contacted by FINRA in 2017 and asked to provide information possibly concerning his disclosures of customer initiated investment related disputes or his termination from Geneos Wealth Management Inc. Evidently, Eddlemon failed to provide the information that FINRA asked for which resulted in his suspension on January 12, 2018. Apparently, Eddlemon failed to correspond with the regulator after being suspended. By March 22, 2018 – three months from the point that the stockbroker was provided a Notice of Suspension, he failed to request that the suspension be lifted, and was automatically barred by FINRA.
FINRA Public Disclosure confirms that Eddlemon is referenced in three customer initiated investment related disputes which pertain to accusations of his misconduct when he was employed by Geneos Wealth Management. Specifically, on July 14, 2017, a customer filed an investment related complaint concerning Eddlemon’s conduct where the customer sought $40,000.00 in damages based upon allegations that the customer was inappropriately advised with respect to the mutual fund transactions executed in the customer’s account. Also on July 14, 2017, a customer filed an investment related complaint in regard to Eddlemon’s activities in which the customer requested $50,000.00 in damages supported by accusations of Eddlemon giving bad advice to the customer.
In addition, a customer filed an investment related arbitration claim concerning Eddlemon’s conduct where the customer sought $350,000.00 in damages founded on allegations that the customer had been placed in bad variable annuity products; and Eddlemon provided poor advice in regards to the replacement of the customer’s annuity with other investments. FINRA Arbitration No. 18-04060 (Dec. 10, 2018).
FINRA Public Disclosure additionally reveals that on July 27, 2017, Eddlemon was discharged by Geneos Wealth Management Inc. based upon accusations that the stockbroker engaged in unauthorized activities.
