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Jay Craddock: Edward Jones Denies $220K Investor Complaint
Bridgeport, Texas financial advisor Jay Craddock (CRD# 3176206) recently received an investor complaint alleging his conduct resulted in six-figure damages. Records provided by the Financial Industry Regulatory Authority indicate that he is currently registered as a broker and an investment advisor with Edward Jones.
Mr. Craddock’s BrokerCheck report discloses one investor complaint. Filed in September 2022, it alleged that as a representative of Edward Jones, he guaranteed 5% returns every year to a customer who subsequently experienced market losses. The complaint alleged damages of $220,000 and was denied by the firm. In a statement included with the complaint’s disclosure, Mr. Craddock wrote: “After completion of the firm’s investigation into the client’s allegations, the claim was denied.”
Investors should be aware of FINRA Rule 2150, which stipulates that FINRA-associated persons may not “guarantee a customer against loss in connection with any securities transaction or in any securities account of such customer.” Brokers who violate FINRA Rule 2150 may be held liable in the event of damages.
According to the Financial Industry Regulatory Authority, Jay Craddock holds 23 years of securities industry experience. Based in Bridgeport, Texas, he has been a broker and an investment advisor with Edward Jones since 1999 and 2010, respectively. He has no previous registrations. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is currently licensed in Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Louisiana, Maryland, Mississippi, New Mexico, New York, Oklahoma, Pennsylvania, Texas, and Virginia. (Information current as of January 14, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.