Price is also accused of failing to comply with requests for documents and information.
Alan Price (CRD#:3181061) was registered as a broker with Edward Jones from 2007 until 2020. Price was discharged from Edward Jones following allegations that he engaged in a personal loan with a client.
Price has one other disclosure on his BrokerCheck report.
April 2021 Regulatory Judgment
- Status: Pending
- Initiated By: FINRA
- Allegations: Price was named a respondent in a FINRA complaint alleging that he failed to comply with requests for documents and information that FINRA made in connection with its investigation into whether he borrowed money from customers of his member firm, including a particular client who held an advisory account with the firm. The complaint alleges that Price failed to provide full and complete testimony requested by FINRA. Price appeared for sworn testimony by video conference but refused to answer questions about the loan, which resulted in his termination from the firm and that was a subject of FINRA’s investigation. After FINRA suspended the testimony due to the withdrawal of his counsel, Price subsequently refused to answer further questions, including concerning the loan. The information FINRA sought from Price through on-the-record testimony was material to its investigation of his termination and to whether he violated any securities laws or regulations or FINRA rules. Price’s refusal to provide testimony and to answer requests for documents and information impeded and delayed FINRA’s investigation.
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The Sonn Law Group is currently investigating allegations surrounding Alan Price. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.