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.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com