Robert Jones: $300K Complaint Against Edward Jones Advisor

Russellville, Alabama financial advisor Robert Jones (CRD# 4469629) recently received an investor complaint alleging that his conduct resulted in damages of $300,000. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Edward Jones.

Mr. Jones’ BrokerCheck report discloses two investor complaints.  The most recent, filed in June 2024, alleges that as a representative of Edward Jones, he failed to follow instructions to remove a power-of-attorney from the account. The pending complaint alleges damages of $300,000.

An earlier investor complaint, filed in 2014, alleged that as an Edward Jones representative, he misrepresented material facts related to mutual funds. The complaint reached a settlement of $3,762.

Various FINRA rules prohibit the conduct alleged in the complaints against Mr. Jones. FINRA Rule 2020, for instance, stipulates that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” FINRA Rule 2010, meanwhile, states that FINRA-associated persons must “observe high standards of commercial honor and just and equitable principles of trade,” which generally means that they may not fail to follow a customer’s instructions. Brokers who violate these rules may be held liable for damages.

According to the Financial Industry Regulatory Authority, Robert Jones holds 22 years of securities industry experience. Based in Russellville, Alabama, he has been registered as a broker and an investment advisor with Edward Jones since 2002. He was previously registered with Wachovia Securities in Birmingham, Alabama in 2008. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination,  or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Kansas, Michigan, Minnesota, Mississippi, Nevada, North Carolina, South Carolina, Tennessee, and Texas. (Information current as of August 3, 2024.)

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.