Robert Barry Jones of Saint Augustine Florida a stockbroker formerly employed by Merrill Lynch has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to respond to FINRA after information had been requested of him. Case No. 2016051269601 (Oct. 16, 2017).
FINRA Public Disclosure reveals that Jones has been identified in four more customer initiated investment related disputes pertaining to accusations of Jones’ wrongful conduct while employed by Banc of America Investment Services, Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc. Specifically, on September 18, 2007, a customer initiated investment related complaint concerning Jones’ conduct was resolved for $31,681.34 in damages based upon allegations that Jones made mutual fund recommendations to the customer that were not suitable.
On August 29, 2011, another customer filed an investment related complaint regarding Jones’ conduct in which the customer sought $8,000.00 in damages supported by accusations that investment recommendations were not suitable and a misrepresentation had been made to the customer concerning structured product transactions placed in the customer’s account.
Thereafter, a customer initiated investment related arbitration claim involving Jones’ activities was settled for $125,000.00 in damages founded on allegations of omission, misrepresentation and suitability concerning mutual funds and equity transactions placed in the customer’s investment portfolio. FINRA Arbitration No. 13-00072 (Nov. 7, 2013). Further, on December 22, 2016, a customer initiated investment related complaint that pertained to Jones’ conduct was resolved for $80,000.00 in damages based upon accusations that trades were executed in the customer’s account between March of 2007 and March of 2016 that the customer never consented to.
Jones was terminated from Merrill Lynch on August 8, 2016 based upon allegations that he engaged in discretionary trading of customer’s Merrill Lynch investment accounts even though those accounts were not approved for discretionary trading.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
