Thomas Michael Hallberg (also known as Tom Hallberg) of Forest Lake, Minnesota, 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 supported by findings of Hallberg’s unauthorized trading in a customer’s account when he was registered with Edward Jones. Letter of Acceptance, Waiver, and Consent No. 2020066756101 (June 21, 2022).
According to the AWC, between December 2019 and January 2020, Hallberg engaged in discretionary trading on 42 occasions. The AWC states that Hallberg’s trades were made without the customer first providing written authorization to him for discretionary trading.
Hallberg was also not authorized by Edward Jones to effect discretionary trades. The securities broker-dealer prohibited using discretion in customer accounts. FINRA found that Hallberg violated Rules 2010 and 3260(b).
Hallberg has been employed by Edward Jones as a stockbroker since June 16, 1998, and as an investment adviser representative since December 10, 2013.
