Tag Archives: edward jones complaint

Jason Hudson-Edward Jones Broker-Discloses Customer Dispute-Amarillo, TX

May 2020-Amarillo, TX

According to publicly available records Jason D. Hudson (CRD#6411443) a stockbroker with Edward Jones discloses a customer dispute which alleges undue influence.

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 September 2018, FINRA Case 18-02943 was filed by an executor for an estate alleging that the decedent mistakenly transferred funds from a joint account maintained with his wife to a joint account maintained by his wife and stepdaughter as a result of alleged undue influence by the stepdaughter and Hudson, the registered representative.    The case was settled for $30,000.

Hudson has been employed with Edward Jones since November of 2014.

Jason Hudson that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Curt L. Howard-Former Edward Jones Broker-Subject of $1M Customer Suit-Monahans, TX / Sapulpa, OK

May 2019-Sapulpa, OK  / Monahans, TX

According to publicly available records Curtis Lee Howard ,  a   stockbroker who formerly worked for Edward Jones and who  is currently registered with Harbor Financial Services, disclose a  prior customer dispute, a currently pending 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 the currently pending case filed in Dallas County, TX, a customer of Edward Jones is seeking damages of $1 million and alleges that Howard breached his fiduciary duty, committed fraud , breached the duty of good faith and fair dealing and other claims related to handling of the account starting in 2015.

Curtis Howard was employed by Edward Jones from 7/1985 until 9/2017 when he was discharged by Edward Jones who makes the following allegation on Howard’s FINRA record: “Mr. Howard’s employment was terminated by the Firm’s HR Department. Concerns had been raised relating to professionalism and judgment.”

Curtis Howard discloses a business affiliation with Phoenix Wealth Partners, LLC.

If you have questions about an account in an account handled by Curtis Howard , contact us for a no charge consultation to discuss your legal options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jack Maloney III-Former Edward Jones Broker-Subject of Customer Suit Over FireEye Inc.-Morristown/Johnson City, TN

May 2019- Morristown/Johnson City , Tennessee

The FINRA records of John J. Maloney III (Jack Maloney , a stock broker who is employed by Woodbury Financial Services , disclose  a pending customer dispute, 4 prior customer disputes,  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 currently pending FINRA Case 17-3010-An Edward Jones customer alleges that Maloney made misrepresentations, unsuitable recommendations, breached his fiduciary duty and other claims from 12/1998-5/2016. The customer seeks an unspecified amount of damages. This case was originally filed in the Circuit Court for Hamblen County, TN and subsequently removed to FINRA arbitration.

In FINRA Case 17-3464- A customer of Maloney’s prior employer Edward Jones sought damages of $329,523 and alleged that recommendations to invest in FireEye since 2014 was not a suitable investment. That case was settled in 11/2018 for $165,000 with Maloney contributing $50,000 individually.

In 6/2017 a customer of Edward Jones was paid $132,500 to settle FINRA Case 16-1706 in which they alleged that Maloney made unsuitable recommendations to purchase individual equities that resulted in losses.

Jack Maloney  was employed by Edward Jones from 3/1981 until he was discharged in 5/2016. According to Edward Jones “Mr. Maloney did not adhere to the Firm’s policy regarding suitability of recommendations”.  Maloney has been employed by Woodbury Financial Services since 6/2016, and operates Crossbridge Wealth Management & Benefits Group in Johnson City, TN.

FireEye stock reached a high of $85 in February 2014 and currently trades for under $15.

Brokers have a duty to make recommendations that are suitable, taking into account the age, health, level of financial sophistication, risk tolerance and investment objectives of the customer.

If you have questions about  an account handled by Jack Maloney III, call 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

David Lancaster-Former Edward Jones Broker-Subject of Investigation for Unauthorized Trading-Wagoner, OK

July 2019 -Wagoner, OK

According to FINRA records, William David Lancaster ,  a  stockbroker who formerly was employed by Edward Jones, disclose a prior regulatory investigation, a prior customer dispute, a  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.

According to Enforcement Division Recommendations  filed by the State Of Oklahoma Department of Securities in March 2018,  Lancaster was the subject of an internal investigation commenced by Edward Jones regarding discretionary trading in as many as 20 customer accounts. However, in an application filed by Lancaster with the regulatory he made inaccurate representations to the regulator regarding knowledge of the investigation. In June 2018 the Oklahoma regulators temporarily barred Lancaster from the securities industry for 24 months.

David Lancaster  was employed by Edward Jones from 4/1999-2/2018. He was briefly registered with Arvest Wealth Management from 2/2018-3/2018.

Brokers have a duty to discuss purchases and sales with their customers prior to making trades in their accounts, unless previous written authority has been granted to the broker by the customer.

If you have losses  in an account handled by David Lancaster or believe that your account has been mishandled contact us for a no charge consultation to discuss your legal options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870