Adam Robert Bollinger from Chandler, Arizona, a former general securities representative with Edward Jones, was permanently barred from association with any FINRA member firm in any capacity after consenting to FINRA findings that Bollinger converted $17,525 from 7 individuals (6 of whom were his firm customers). FINRA Letter of Acceptance, Waiver, and Consent, No. 2015044164801 (May 15, 2015).
According to the FINRA AWC
According to the FINRA Letter of Acceptance, Waiver, and Consent (“AWC”), from February-December of 2014, Bollinger converted $17,525 from 7 individuals consisting 6 firm clients and a son of a 7th client while Bollinger was associated with Edward Jones. In most cases, Bollinger would request that individuals make checks payable to Bollinger for a myriad of reasons which included to allegedly make charitable contributions.
For example, Bollinger solicited a client “TG” in February 2014, whose father was a client of Edward Jones, where “TG” made two donations to Bollinger under the impression the funds were being used to go to the Muscular Dystrophy Association based on Bollinger’s false representations. Bollinger pocketed the money.
In another case, in April of 2014, Bollinger pocketed a check payable to him from client “SD” after making the client believe he was owed money for fees associated with servicing her account. According to the AWC, Bollinger then solicited “SD” and “CM” on two occasions to for a donation associated charity golf tournament Bollinger falsely asserted was sponsored by his employer. Bollinger pocketed these funds as well.
Bollinger, according to the AWC, continued to engage in these types of antics with several other customers, where on nearly every occasion in which customers through they were providing funds for a legitimate cause (such as a charity), but where their money was going to Bollinger for personal use. FINRA found that by converting funds, Bollinger had violated FINRA Rules 2010 and 2150. Bollinger was barred by FINRA as a result.
Edward Jones Terminated Bollinger
Prior to Bollinger’s permanent bar from FINRA, on December 23, 2014, Edward Jones terminated Bollinger (via discharge) after the firm received information that Bollinger was cashing checks made payable to him by firm clients.
Guiliano Law Group
If you have been the victim of securities fraud and you have a complaint, you should consult with an attorney. The practice of Nicholas J. Guiliano, Esq., and The Guiliano Law Group, P.C., is limited to the representation of investors in claims for fraud in connection with the sale of securities, the sale or recommendation of excessively risky or unsuitable securities, breach of fiduciary duty, and the failure to supervise. We accept representation on a contingent fee basis, meaning there is no cost unless we make a recovery for you, and there is never any charge for a consultation or an evaluation of your claim. For more information contact us at (877) SEC-ATTY.
