Edward Jones Broker Investigated For Unauthorized Trading

Donald Logan of Silverdale Washington a stockbroker formerly employed by Edward Jones is referenced in a Financial Industry Regulatory Authority (FINRA) investigation into accusations that he effected unauthorized trades in a customer’s account. Case No. 2015046378601 (July 20, 2018).

FINRA Public Disclosure reveals that a determination had been made by FINRA that an enforcement action be brought against Logan for committing violations of FINRA Rules 2010 and 1122, National Association of Securities Dealers (NASD) Rule 2510(b), and Article V Section 2(c) of FINRA By-Laws.

On October 9, 2015, a customer initiated investment related complaint regarding Logan’s activities was resolved for $22,721.00 in damages based upon allegations that Logan failed to properly explain that the customer’s investment returns may not be able to pay the premiums on the customer’s AG Secure Survivor GUL II insurance policy.

Logan was discharged by Edward Jones on July 1, 2015 supported by accusations that he failed to conform to the policies of Edward Jones in reference discretionary trading. Logan has been registered with Waddell & Reed since October 5, 2015.

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