Jay Thompson Humphreys of Golden Valley Minnesota a stockbroker formerly employed by Edward Jones is referenced in a customer initiated investment related complaint on May 1, 2018 in which the customer requested damages estimated to exceed $5,000.00 based upon accusations that between March of 2017 and April of 2017, unauthorized stock trades were effected in the customer’s account leading the customer to experience unwarranted tax consequences.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Humphreys has been identified in three more customer initiated investment related disputes containing allegations of his misconduct while employed with Edward Jones. Specifically, on March 30, 2001, a customer filed an investment related complaint regarding Humphreys’ conduct where the customer sought damages estimated to exceed $5,000.00 in damages supported by accusations that Humphreys omitted information from the customer concerning the fees on the customer’s purchase of Goldman Sachs Class B mutual fund shares, and that the customers would not have purchased the Class B shares had they been made aware of other investment options.
Then, on May 22, 2009, a customer filed an investment related complaint involving Humphreys’ activities in which the customer requested approximately $50,000.00 in damages founded on allegations that when Humphreys advised the customer to liquidate ORCL over-the-counter equities from the customer’s account, Humphreys failed to inform the customer about the tax liabilities pertaining to the transaction.
On April 30, 2018, another customer initiated investment related complaint concerning Humphreys’ conduct was settled for $25,478.00 in damages based upon accusations that the customers had to deal with unwarranted tax consequences from being transitioned to the Edward Jones Advisory Solutions account.
Humphreys’ registration with Edward Jones has been terminated as of August 7, 2018.
