Matthew Thomas Jennings of Johnston Iowa a stockbroker formerly registered with Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he did not comply with a FINRA investigation into allegations of him offering investments to customers outside the auspices of Edward Jones. Letter of Acceptance Waiver and Consent No. Letter of Acceptance Waiver and Consent No. 2019063586701 (Nov. 19 ,2020).
According to the AWC, FINRA was made aware from Edward Jones’ Uniform Notice for Security Industry Registration (Form U5) that Jennings had been terminated for potentially introducing a non-Edward Jones investment opportunity to customers of Edward Jones.
Jennings provided information and documents to FINRA and testified in the investigation. This cooperation from Jennings stopped by October of 2020 when FINRA asked him to provide more documents and information. Jennings’ legal counsel indicated to FINRA that Jennings would not cooperate with its requests. FINRA determined that the stockbroker violated FINRA Rules 2010 and 8210.
Jennings was registered with Edward Jones between May 12, 2017 and August 12, 2019.