Tagged with "Edward Jones"

Edward Jones Files Motion to Dismiss $15 Million Book of Business Lawsuit

Posted on May 24th, 2022 at 12:13 PM
Edward Jones Files Motion to Dismiss $15 Million Book of Business Lawsuit

A former Edward Jones advisor has filed suit against Edward Jones over a $15 million book of business.

 
 

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FINRA Bars Former Edward Jones Advisor Who Refused to Repay $893K

Posted on April 20th, 2022 at 2:58 PM
FINRA Bars Former Edward Jones Advisor Who Refused to Repay $893K

The Financial Industry Regulatory Authority (FINRA) has barred a former Edward Jones advisor who failed to cooperate with a probe into allegations that he refused to return $893,289 to one of his clients.

 
 

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Former Edward Jones Advisor Suspended For Illegally Borrowing $150K From Client

Posted on January 31st, 2022 at 12:20 PM
Former Edward Jones Advisor Suspended For Illegally Borrowing $150K From Client

The Financial Industry Regulatory Authority (FINRA) has suspended a former Edward Jones advisor who allegedly borrowed $150,000 from a client to cover debts incurred by an unprofitable golf-cart business operated by he and his wife.

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Edward Jones Fails To Convince Supreme Court To Review Federal Preemption of Account Fee Suit

Posted on January 20th, 2022 at 1:12 PM
Edward Jones Fails To Convince Supreme Court To Review Federal Preemption of Account Fee Suit

Edward Jones & Co. failed to convince the U.S. Supreme Court to analyze how a federal securities law impacts a client dispute pertaining to fee-based accounts.

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FINRA Suspends Former Edward Jones Advisor Over 800 Unauthorized Trades

Posted on November 29th, 2021 at 1:01 PM
FINRA Suspends Former Edward Jones Advisor Over 800 Unauthorized Trades

The Financial Industry Regulatory Authority (FINRA) has issued a $7,500 fine and suspended a former North Carolina Edward Jones advisor for six months after the advisor allegedly executed nearly 800 trades without obtaining client consent or authorization.

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Edward Jones’ Effort to Restrain Ameriprise Advisor Results in $762k Arbitration Loss

Posted on November 12th, 2021 at 1:43 PM
Edward Jones’ Effort to Restrain Ameriprise Advisor Results in $762k Arbitration Loss

Edward D. Jones & Co.’s bid to restrict a former advisor from bringing his clients to his new firm has resulted in a substantial arbitration loss.

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Edward Jones Advisor Who Set Up RayJay Shop Hit with Restraining Order

Posted on June 1st, 2021 at 10:58 AM
Edward Jones Advisor Who Set Up RayJay Shop Hit with Restraining Order

A Texas federal judge granted Edward D. Jones & Co.’s request for a temporary restraining order (TRO) against an advisor who allegedly solicited his former clients to join him at Raymond James.

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A DIY Settlement Attempt with Client Results in Former Edward Jones Advisor's Suspension

Posted on March 30th, 2021 at 11:14 AM
A DIY Settlement Attempt with Client Results in Former Edward Jones Advisor's  Suspension

The Financial Industry Regulatory Authority (FINRA) has fined, and suspended John O'Bannon after Bannon attempted to settle with a client without Edward Jones' knowledge.

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Edward Jones Agrees to Settle Racial Discrimination Suit for $34 Million

Posted on March 29th, 2021 at 9:39 AM
Edward Jones Agrees to Settle Racial Discrimination Suit for $34 Million

Edward Jones has agreed to pay $34 million to settle a racial discrimination class action suit filed in 2018 on behalf of both current and former Black financial advisors.

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Edward Jones Announces Pay Freeze

Posted on April 16th, 2020 at 3:24 PM
Edward Jones Announces Pay Freeze

Edward Jones announced that it is freezing wages and suspending overtime pay for one year. The decision, which the firm described as a proactive and preventative measure, comes in response to the issues that have arisen as a result of the COVID-19 pandemic.

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LATEST NEWS AND ARTICLES

December 9, 2022
FINRA Reminds Firm To Monitor For “Red Flags” In Options Trading Applications

The Financial Industry Regulatory Authority (FINRA) has released an announcement reminding firms that recommend options trading for clients to be constantly monitoring for “red flags” on customer applications.

December 8, 2022
FINRA Orders Morgan Stanley to Pay $697,897 Over Failure to Supervise Nine Advisors

The Financial Industry Regulatory Authority (FINRA) has ordered Morgan Stanley to pay $697,897, including a $200,000 fine and $497,897 in restitution, for failing to adhere to its own procedures for supervising its advisors’ high-risk recommendations. 

December 7, 2022
FINRA Bars Former Northwestern Mutual Advisor For Allegedly Cheating on CFP Exam

The Financial Industry Regulatory Authority (FINRA) has barred a former Northwestern Mutual advisor after he failed to cooperate with the regulator’s probe into the Certified Financial Planner Board of Standards’ (CFP Board’s) decision to bar the advisor for alleged “exam misconduct.”