Jon Scheier Investigation
July 2022-Denison , TX
According to publicly available records Jon Scheier , a former broker who last worked for Edward Jones, discloses a final regulatory matter resulting in a permanent bar from the industry, a prior customer dispute and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 2/2021 FINRA permanently barred Scheier from the industry to resolve allegations that Scheier failed to respond to FINRA requests for information in regards to a FINRA investigation.
In 9/2020, an Edward Jones customer alleged that Scheier inserted his name as payee on the customer’s check, endorsed it and stole her money. Customer also alleged that Scheier fraudulently represented that he would use the funds to pay the customer’s health care providers. The case settled in 12/2020 for $37,500.
Scheier was discharged from his employment with Edward Jones in 1/2020, after he conceded that he deposited a check from a customer’s outside bank account into his own outside bank account and that he used some of those funds to pay for his own personal debts. Scheier had been with Edward Jones since 11/2009.
If you have suffered losses in an account handled by Jon Scheier, contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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