Mark Edward Jones, of Denver Colorado, a stockbroker associated with Merrill Lynch Pierce Fenner Smith Incorporated, was the subject of a customer initiated investment related complaint that was settled on June 5, 2020, for $70,026.00 in damages based upon allegations that Jones made misrepresentations and omissions of material fact when Jones was associated with Merrill Lynch Pierce Fenner Smith Incorporated.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Jones was referenced in eight other customer initiated investment related disputes concerning Jones’s conduct while associated with securities broker dealers. On June 14, 2004, a customer initiated investment related NASD securities arbitration claim involving Jones’s conduct resulted in the customer being awarded $292,462.00 in compensatory damages because Jones and Merrill Lynch were held jointly liable on the customer’s claims which included that Jones committed securities fraud, breach of fiduciary duty, and negligence in connection with the sale of Level 3 Communication (LVLT) shares for the customer’s account. NASD Arbitration No. 02-01910.
On February 14, 2008, another customer initiated investment related complaint involving Jones’s conduct was settled for $387,616 in damages based upon allegations that Jones engaged in unauthorized trading in equities during the time that Jones was associated with Merrill Lynch.
Jones was also referenced in a customer initiated investment related complaint that was settled on November 3, 2009, for $12,000.00 in damages based upon allegations that Jones failed to follow customer instructions relating to equities and stocks when Jones was associated with Merrill Lynch.
Jones was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $26,250.00 in damages based upon allegations that Jones made unsuitable investment recommendations and misrepresented and omitted material facts from February 2008 to July 2008 in connection with the sale of stocks and equities during the time that Jones was associated with Merrill Lynch. FINRA Arbitration No. 14-00479 (August 1, 2014).
Jones has been associated with Merrill Lynch in Denver, Colorado since September 26, 1978, as a stockbroker, and since August 23, 1983, as an investment adviser representative.
