Wendell Holmes Trapp III (also known as Trey Trapp), of Belden, Mississippi, a stockbroker registered with Edward Jones, was the subject of a customer initiated investment related complaint that was settled on March 11, 2025, for $113,307.00 in damages based upon allegations that Trapp engaged in unauthorized trading in mutual funds and transferred funds from the client’s account to other parties when Trapp was associated with Edward Jones
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Trapp is referenced in 11 other customer initiated investment related disputes concerning Trapp’s conduct while associated with securities broker dealers. On July 5, 2024, a customer initiated investment related complaint involving Trapp’s conduct was settled for $97,015.68 in damages based upon allegations that Trapp engaged in unauthorized trading in stocks when Trapp was associated with Edward Jones
On May 16, 2024, a customer initiated investment related complaint involving Trapp’s conduct was settled for $14,192.01 in damages based upon allegations that Trapp made misrepresentations in connection with the sale of government bonds.
Trapp is also referenced in a customer initiated investment related complaint that was settled on May 22, 2024, for $9,409.21 in damages based upon allegations that Trapp made misrepresentations of material fact about securities transactions.
On July 11, 2024, another customer filed an investment related complaint involving Trapp’s conduct in which the customer requested $11,000.00 in damages based upon allegations that Trapp invested proceeds into municipal bonds funds without the customer’s authorization when Trapp was associated with Edward Jones. This complaint was denied.
On July 16, 2024, another customer initiated investment related complaint involving Trapp’s conduct was settled for $29,966.61 in damages based upon allegations that Trapp misstated the risks of mutual funds that were held in the customer’s account.
Trapp is also referenced in a customer initiated investment related complaint filed on August 14, 2024, in which the customer requested $7,734.58 in damages based upon allegations that Trapp engaged in unauthorized trading in mutual funds. This complaint was denied.
On February 26, 2024, Edward Jones discharged Trapp based upon allegations that Trapp did not comply with firm policies relating to variable annuity orders.
Trapp was associated with Edward Jones in Belden, Mississippi from March 7, 2017 to March 5, 2024. He was associated with San Blas Securities LLC in Chicago, Illinois from May 10, 2024 to June 10, 2024.
