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Read MoreEdward Prince: $140K Complaint Against Moloney Advisor
Kansas City, Missouri financial advisor Edward Prince (CRD# 4647442) recently received an investor complaint alleging that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Moloney Securities, doing business as Royal Route Company.
Mr. Prince’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of Moloney Securities, he recommended unsuitable corporate bond investments and acted negligently. The pending complaint alleges damages of $140,000.
In a complaint included with the pending complaint’s disclosure, Mr. Prince defended himself against the claim. “I refute the allegations of the claims,” he stated.
A second disclosure on his BrokerCheck report concerns a 2015 disciplinary action against him by the state of Missouri. Filed in 2015, regulators alleged that he “transacted business in Missouri as an unregistered investment adviser representative for more than five clients on behalf of Eckman Wealth Management,” and further that he failed to report a lien held by the state of Kansas. In connection with these allegations, he was fined $5,000 and prohibited from acting as an unregistered investment advisor representative.
According to the Financial Industry Regulatory Authority, Edward Prince holds 19 years of securities industry experience. Based in Kansas City, Missouri, he has been a broker and an investment advisor with Moloney Securities since 2016 and 2018, respectively, doing business as Royal Route Company. His past registrations include Eckman Wealth Management (Westwood, Kansas; 2015-2016), Princor Financial Services (Overland Park and Olathe, Kansas; 2010-2014), AXA Advisors (Overland Park, Kansas; 2007-2010), and Northwestern Mutual Investment Services (Overland Park, Kansas; 2003-2007). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Colorado, Florida, Iowa, Kansas, Mississippi, Missouri, Nevada, Oregon, and Texas. (Information current as of April 27, 2024.)
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