Our firm is investigating Edward Jones financial advisor Andrew Steven Hall (CRD# 6133048) of Cheraw, South Carolina for potential investment-related misconduct.
Financial Advisor’s Career History
According to his FINRA BrokerCheck report, Andrew Steven Hall has been registered in the securities industry since at least 2012 and is currently registered with Edward Jones. His disclosed registration/employment history includes:
- Edward Jones (Financial Advisor) — 11/2016 to Present (branch: Cheraw, SC)
- Centaurus Financial, Inc. (Registered Representative) — 05/2015 to 11/2016
- J.P. Turner & Company, L.L.C. — 12/2012 to 06/2015
Andrew Steven Hall Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects two customer dispute disclosures, both reported as settled matters.
Disclosures at-a-glance (per BrokerCheck):
- Customer Dispute (FINRA arbitration) — Settled (Case 21-02401) — Alleged damages: $100,000; Settlement: $30,000; Disposition date: 04/25/2022; Individual contribution: $0
- Customer Dispute (FINRA arbitration) — Settled (Case 19-03572) — Alleged damages: $125,000; Settlement: $22,000; Status date: 07/28/2020; Individual contribution: $0
FINRA Arbitration No. 21-02401 Alleging Unsuitable Investments and Misrepresentation (Settled)
BrokerCheck states that customers alleged the registered representative facilitated and misrepresented unsuitable investments during a period described as summer 2013 through August 2019. The report also describes the claim as involving alleged unsuitable purchases including municipal bonds, certificates of deposit, and a real estate investment trust (REIT) tied to 2013–2014 activity.
- Forum / Case No.: FINRA Arbitration 21-02401
- Notice/Process Served: 10/25/2021–10/26/2021 (as reported)
- Products Referenced: CDs; municipal debt/bonds; corporate debt; REIT
- Alleged Damages: $100,000 (with a note that damages were alleged to exceed $100,000)
- Outcome: Settled on 04/25/2022 for $30,000; individual contribution $0
FINRA Arbitration No. 19-03572 Alleging Misrepresentation and Unsuitable Investments (Settled)
A second disclosure reflects allegations that, during late 2013 through July 2019, customers claimed the registered representative misrepresented unsuitable investments.
- Forum / Case No.: FINRA Arbitration 19-03572 (filed 12/05/2019)
- Complaint Received: 12/09/2019
- Products Referenced: CDs; corporate debt (as listed in the disclosure)
- Alleged Damages: $125,000
- Outcome: Reported settled, settlement amount $22,000, status date 07/28/2020; individual contribution $0
To obtain a copy of Andrew Steven Hall’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is central where customers allege unsuitable investments such as certain bonds, CDs, or alternative products like REITs. In practice, Rule 2111 requires a recommendation to be suitable based on a customer’s investment profile (including risk tolerance, time horizon, liquidity needs, and objectives). When complaints allege that products were unsuitable over multi-year periods—as described in the disclosures—investigations often focus on whether the recommendations matched the client’s stated profile and whether concentration or risk was excessive for that investor.
FINRA Rule 2090 (Know Your Customer) becomes relevant when allegations include misrepresentation tied to the investor’s needs or circumstances. Rule 2090 requires firms and associated persons to use reasonable diligence to know the essential facts concerning every customer and the authority of each person acting on behalf of the customer. Where customers claim they were placed into investments they did not understand or that did not align with their goals, a key question is whether the advisor sufficiently understood—and documented—the customer’s financial situation and objectives before making the recommendations.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is commonly implicated in matters alleging misrepresentation or misleading sales practices. Even if a product is generally permissible, Rule 2010 can be implicated where an advisor is accused of presenting risks inaccurately, omitting material facts, or otherwise engaging in conduct inconsistent with high standards of commercial honor—issues often examined when customers allege they were misled about the nature or risk of investments.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.
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