Edward Jones Files Temporary Restraining Order Against Terminated Nebraska Financial Advisor

Posted on April 30th, 2019 at 4:50 PM
Edward Jones Files Temporary Restraining Order Against Terminated Nebraska Financial Advisor

From the Desk of Jim Eccleston at Eccleston Law LLC:

Edward D. Jones & Co. has filed a temporary restraining order (TRO) in the U.S. District Court in Omaha to prevent a Nebraska financial advisor from communicating with clients whose account and contact information he allegedly printed out a day before he was terminated by the firm.

According to the lawsuit, immediately after the financial advisor was terminated, he solicited his clients by inducing them to terminate their relationship with Edward Jones in violation of his non-solicitation agreement with the firm.

In its complaint, Edward Jones is seeking to temporarily enjoin its former financial advisor from using the documents he allegedly printed out before he was terminated. In addition, Edward Jones is seeking an unspecified amount of compensatory and punitive damages along with attorneys’ fees. Edward Jones contemporaneously filed a FINRA arbitration complaint seeking additional damages.

Edward Jones, which is not a member of the Protocol for Broker Recruiting, has for several years filed lawsuits against financial advisors who have allegedly stolen client information in advance of transitioning to another firm in violation of their employment contracts.

This case and many others underscore the need for advisors to retain competent securities counsel to plan a successful transition. The attorneys at Eccleston Law assist advisors with their transitions, negotiate their transition agreements, and defend advisors when firms file suit.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, edward jones, financial advisor, omaha, finra arbitration

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I learned two important things working with Eccleston Law. First, I made a friend and ally with Jim and Steph for life. Secondly, and this is a crucial life lesson - if you need counsel, then seek out the very best. Jim was referred to me by a most trusted source. I've never had to hire an attorney for anything. Now, I know the value of hiring an important partner. Meticulous, thorough and detailed in preparation is the best way to describe Jim. Brilliant too, I might add. Bottom line, I would highly highly recommend Jim and Stephany for your legal needs. One of the best life decisions I've ever made.

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