Edward Jones Accused by Investors Of Unauthorized Trading
Larry Eugene King II of Kalkaska Michigan a stockbroker currently employed by Edward Jones is the subject of a customer initiated investment related written complaint on November 24, 2017 where the customer requested damages estimated to exceed $5,000.00 based upon allegations that unauthorized government debt trades had been effected by King in the customer’s investment accounts.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that King is referenced in two more customer initiated investment related disputes pertaining to accusations of King’s violative conduct during the period that he was associated with Edward Jones. Particularly, on June 15, 2005, a customer filed an investment related complaint involving King’s activities in which the customer sought $5,000.00 in damages founded on allegations that King executed the sale of Intel shares from the customer’s investment portfolio without procuring the customer’s consent, making purchases of Cisco Systems Inc. and Applied Materials Inc. with the proceeds.
Then, a customer initiated investment related complaint regarding King’s activities was settled for $8,000.00 in damages supported by accusations that King was placed into an inappropriate variable universal life insurance policy, and that King failed to adequately describe the policy that the customer purchased.
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