Tag Archives: Edward Jones

Edward Jones Sued By Investors For Breach of Fiduciary Duty

February 06, 2020  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Larry Don Graham Jr. (also known as Donny Graham) of Duncan Oklahoma a stockbroker formerly associated with Edward Jones has been referenced in a customer initiated investment related arbitration claim in which the customer requested $228,515.38 in damages supported by allegations that (1) fiduciary duties which had been owed to the customer were breached (2) […]

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Edward Jones Discharges Stockbroker For Unsuitable Recommendations

Albert Lewis DeGaetano of Independence Ohio a stockbroker formerly registered with Edward Jones has been discharged by the securities broker dealer on January 25, 2019 based upon allegations that (1) transactions had been executed by DeGaetano in Edward Jones customer accounts without their knowledge or consent and (2) mutual fund and exchange traded funds trades […]

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Investors Accuse Edward Jones Of Providing Bad Investment Advice

Jon Timothy Vanslooten of Toledo Ohio a stockbroker registered with Edward Jones is the subject of a customer initiated investment related written complaint which was settled on September 10, 2018 to resolve allegations that Vanslooten placed the customer in Energy Transfer Partners LP – a direct investment which was unsuitable for the customer. FINRA Public […]

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Edward Jones Broker Caught Using Blank Forms

February 20, 2019  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Danielle Jean McAniff of Albuquerque New Mexico a stockbroker formerly registered with Edward Jones has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that McAniff caused an Edward Jones representative to have customers provide signed blank forms so the firm could effect […]

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Edward Jones Fires Stockbroker For Unauthorized Trading

March 07, 2018  |   Posted by :   |   Elder Financial Abuse, Investment and Regulatory News   |   0 Comments

Joseph Richard Hinke of Richland Center Wisconsin is a stockbroker formerly registered with Edward Jones who was fired on August 25 2016 based upon accusations that he solicited and ultimately effected orders in a customer’s investment account after having been apprised that the customer had dementia. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that […]

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Edward Jones Broker Barred For Hindering Investigation

Matthew Kerby, of Paoli, Indiana, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he failed to cooperate in a FINRA investigation into accusations that Kerby converted funds from a customer. Letter of Acceptance, Waiver and […]

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Edward Jones Terminates Stockbroker For Suitability

January 10, 2018  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

John Joseph Maloney III, of Morristown, Tennessee, a stockbroker formerly registered with Edward Jones, has been terminated from employment on May 10, 2016, based upon accusations that he failed to conform with the firm’s policies relating to the suitability of investment recommendations. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Maloney has been identified […]

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Customer Sues Edward Jones For Failure To Supervise

January 10, 2018  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   0 Comments

Robert Owen Kincaid of Sandpoint, Idaho, a stockbroker formerly registered with Edward Jones, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $1,053,664.00 in damages based upon allegations that the customer’s assets were over-concentrated in mutual funds products. The customer additionally alleged that investment losses were caused by Edward […]

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FINRA Suspends Edward Jones Stockbroker For Forgery

December 15, 2017  |   Posted by :   |   Forgery, Investment and Regulatory News   |   0 Comments

Benjamin J. Herauf, of Dickinson, North Dakota, a stockbroker registered with Edward Jones, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he forged a customer’s account documentation. Letter of Acceptance, Waiver and Consent, No. 2016052114701 […]

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Edward Jones Sanction For Failure To Supervise

July 29, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Edward Jones, a broker-dealer located in Saint Louis, Missouri, was censured and fined $725,000.00 by Financial Industry Regulatory Authority (FINRA) for the failure to supervise consolidated reports transmitted to customers regarding their accounts inside and outside of Edward Jones. Letter of Acceptance, Waiver and Consent, No. 2016049783001 (July 13, 2017). According to the AWC, an […]

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Edward Jones Stockbroker Suspended For Borrowing From Customer

July 29, 2017  |   Posted by :   |   Customer Loans   |   0 Comments

Mitchell G. Behm, of Denver, Colorado, a stockbroker formerly registered with Edward Jones, has been fined $10,000.00 and suspended for seven months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Behm, inter alia, engaged in an unauthorized borrowing arrangement with a customer of the […]

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Edward Jones Stockbroker Suspended For Unauthorized Trading

July 05, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Jon Timothy VanSlooten, of Toledo, Ohio, a stockbroker formerly registered with Edward Jones, has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected trades in customer accounts without authorization. Letter of Acceptance, Waiver and Consent, […]

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Edward Jones Broker Suspended For Unauthorized Trading

June 08, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Laurence M. Rothstein, of Cumming, Georgia, a stockbroker formerly registered with Edward Jones, has been fined $10,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he effected unauthorized transactions in customer accounts and entered false customer account information into his firm’s records […]

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Gillette Shaved From Edward Jones For Switching

May 25, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Rebecca L. Gillette, of Brockport, New York, a stockbroker formerly registered with Edward Jones, has been named in a customer initiated investment related written complaint on April 7, 2017, where the customer requested more than $5,000.00 in damages based upon allegations that Gillette poorly advised the customer in regard to the customer’s investment account contributions. […]

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Edward Jones Stockbroker Barred For Stealing

May 25, 2017  |   Posted by :   |   Customer Loans   |   0 Comments

Anthony John Cummings, of Lutherville-Timonium, Maryland, a stockbroker formerly registered with Edward Jones, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he converted customer funds. Letter of Acceptance, Waiver and Consent, No. 2016051104901 (May 9, 2017). FINRA Public Disclosure reveals that on […]

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LPL Financial Sued by Customer For Unsuitability

Garrett Andrew Ahrens, of Lafayette, Louisiana, a stockbroker formerly registered with LPL Financial, LLC, has been named in a customer initiated investment related written complaint on October 22, 2015, in which the customer requested damages estimated to be greater than $5,000.00 based upon allegations that Ahrens effected the unsuitable switch of policies issued by Navy […]

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Edward Jones Customer Alleges Unsuitability

May 18, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Markos John Pappas, of Houston, Texas, a stockbroker formerly registered with Edward Jones, has been named in a customer initiated investment related written complaint on August 4, 2016, in which the customer requested $5,000.00 in damages based upon allegations that Pappas effected the unsuitable purchase of the customer’s immediate annuity issued by Mass Retiree Choice. […]

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Edward Jones Stockbroker Fired For Churning

April 11, 2017  |   Posted by :   |   Churning, Investment and Regulatory News   |   0 Comments

Robert Andrew Kahn, of Creve Coeur, Missouri, a stockbroker formerly registered with Edward Jones, was terminated from employment on September 15, 2016, based upon the firm’s allegations that Kahn committed violations of Edward Jones’ policies by engaging in discretionary trading in customer accounts, and effecting stock trades in customer accounts on an excessive basis. Financial […]

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Edward Jones Stockbroker Barred In Investigation

March 16, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Michael Jean-Paul Mason, of Millington, Tennessee, a stockbroker formerly registered with Edward Jones, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon a FINRA Office of Hearing Officers’ Default Decision containing findings that he falsified customer account documentation and failed to accurately inform his firm […]

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Edward Jones Stockbroker Sanctioned For Selling Away

Jason Edward Seurer, of Milbank, South Dakota, a stockbroker formerly registered with Edward Jones, has been penalized $7,500.00 and suspended for eighteen months by The State of South Dakota Division of Securities based upon Seurer consenting to findings that he sold away from his firm via his promissory note investment transactions. (Jan. 19, 2017). Previously, […]

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Edward Jones Sued In Arbitration for Misrepresentation

March 16, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Charles Harvey Kuhtz III, of Hartland, Wisconsin, a financial advisor for Edward Jones, has been named in a customer initiated investment related written complaint on January 18, 2017, in which the customer requested $5,000.00 in damages based upon allegations that Kuhtz made misrepresentations to the customer regarding a Hartford Protector Variable Universal Life policy. Kuhtz’s […]

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Edward Jones Sanctioned For Overcharging Customers

February 14, 2017  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Edward Jones, a broker-dealer headquartered in Saint Louis, Missouri, was censured and fined $125,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm overcharged customers pertaining to the interest rates on customers’ loans. Letter of Acceptance, Waiver and Consent, No. 2016048760501 (Feb. 1, 2017). According to the AWC, in January […]

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Edward Jones Stockbroker Suspended For Unauthorized Trading

January 19, 2017  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Cormean Thomas, of Houston, Texas, a stockbroker formerly registered with Edward Jones, was fined $15,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity after consenting to findings that he effected unauthorized trades in customer accounts, failed to notify his firm regarding customer complaints, and made […]

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Edward Jones Named in Customer Arbitration Alleging Unsuitability

December 07, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

George Stefanou, of Orlando, Florida, a stockbroker currently registered with Edward Jones, has been subject to a customer initiated investment related arbitration claim on February 24, 2015, which settled for $50,000.00 in damages. The customer’s claim was based upon allegations that Stefanou made an unsuitable investment recommendation concerning the transfer of the customer’s 457(b) and […]

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Edward Jones Stockbroker Barred for Misappropriation of Customer Funds

Anthony C. Gray of Baton Rouge, Louisiana, a stockbroker with Edward Jones, was permanently barred in all capacities from associating with any Financial Industry Regulatory Authority (FINRA) member firm in all capacities after consenting to findings that he had misappropriated nearly $138,000 from two elderly customers. Letter of Acceptance, Waiver and Consent, No. 2015047279101 (Oct. […]

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Edward Jones Broker Barred for Conversion

Adam Robert Bollinger from Chandler, Arizona, a former general securities representative with Edward Jones, was permanently barred from association with any FINRA member firm in any capacity after consenting to FINRA findings that Bollinger converted $17,525 from 7 individuals (6 of whom were his firm customers). FINRA Letter of Acceptance, Waiver, and Consent, No. 2015044164801 […]

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Edward Jones On the Hook for $20M After Fleecing Customers in Municipal Bonds Sales

Edward Jones, a FINRA member brokerage firm and SEC investment advisor headquartered in St. Louis, MO, settled with the SEC for north of $20M after the firm was alleged by the SEC to have overcharged customers within their municipal bond business along with failing to supervise the review of municipal bonds trading in the secondary […]

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Former Edward Jones Broker Suspended for Unauthorized Trading

Scott B. Hostutler, formerly a broker with Edward Jones, was suspended for 10 days by the Financial Industry Regulatory Authority (FINRA) for trading in a customer’s account without authorization. Hostutler was fined $5,000 in addition to his suspension from association with any FINRA member in any capacity. The sanctions were set out in a Letter […]

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Former Edward Jones Administrator Permanently Barred for Misappropriation of Funds

A former Edward Jones administrator has been permanently barred from the financial industry after misappropriating a total of $63,000 from 21 customers. According to a default decision issued by the Financial Industry Regulatory Authority (FINRA) on Feb. 15, Carolyn Avia Harmon misappropriated $63,000 in customer funds between November 2006 and September 2009. She also failed […]

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