The US Securities and Exchange Commission is investigating Westlake Village, California stockbroker Thomas Swan (CRD# 1698430) over alleged violations of...Read More
Matt Kerby: Edward Jones Advisor Barred By Regulators
Matt (Matthew) Kerby, formerly a financial advisor with Edward Jones in Paoli, Illinois, has been barred by the Financial Industry Regulatory Authority (FINRA), which is the regulator that oversees financial advisors. On November 9, 2017, it was reported that Edward Jones discharged Kerby for “misuse of client funds for his own benefit.”
FINRA alleges that it began an investigation of Kerby relating to the allegations that he misused client funds, sent him a letter to provide documents and information, and Kerby refused to comply with FINRA’s request. According to FINRA, this is a violation of FINRA Rules 8210 and 2010.
Kerby agreed to the bar by signing a Letter of Acceptance, Waiver, and Consent with FINRA, which is essentially a settlement agreement. You can view the Letter by clicking here.
If a financial advisor has misused your funds, please call us at 888-976-6111 for a free consultation.