Terry Dewayne Eskind of Conover North Carolina a stockbroker currently registered with Edward Jones is the subject of a customer initiated investment related written complaint which settled for $100,000.00 in damages on April 2, 2018 founded on allegations that unsuitable recommendations had been made to the customer concerning the sale of stocks from the customer’s investment portfolio which caused the customer to incur unwarranted tax liabilities.
The customer paid these taxes because they had a profit, and at no time did Eskind ever volunteer to run for political office to reform the nation’s federal tax laws. Either the customer was planning on dying, and needed to pass the subject investments at a cost basis, based on the market value at the time of the investor’s death, or the investor was hoping the securities would decrease in value, in which case, they would not owe any tax.
As a general matter, unless the broker makes misrepresentations concerning taxability, it does not sound like much of a case.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December 9, 1999, a customer filed an investment related complaint involving Eskind’s conduct where the customer sought $10,875.00 in damages supported by accusations that while Eskind was associated with Edward Jones, the customer’s stock purchase order had not been executed in a timely manner.
Eskind has been employed by Edward Jones since May 24, 2010.
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