Robert Logan Jones (also known as Bob Jones), of Kissimmee, Florida, a stockbroker registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity because he refused to comply with the regulator during its investigation into allegations his potential unauthorized trading and use of unauthorized communication devices to correspond with customers. Letter of Acceptance, Waiver, and Consent No. 2023078346601 (October 6, 2023).
Jones’s regulatory issues began after Edward Jones filed a Uniform Termination Notice for Securities Industry Registration (Form US) on March 8, 2023, stating that Jones’s stockbroker registration was terminated. Subsequently, on March 28, 2023, Edward Jones amended the Form U5, revealing that Jones was under internal review for improper use of text messaging and for executing discretionary orders without authorization.
The investigation by FINRA originated from the review of the amended Form US filed by Edward Jones. On July 5, 2023, FINRA asked Jones to produce certain information and documents as part of their investigation, according to FINRA Rule 8210. However, Jones, through his lawyer, informed FINRA on August 15, 2023, that he would not comply with this request. By refusing to produce the requested information and documents, Jones violated FINRA Rules 2010 and 8210.
Jones was associated with Edward Jones in Kissimmee, Florida, from July 31, 2017, to March 8, 2023.
