Edward Jones Accused Of Excessive Trading
Robert Andrew Kahn of Creve Coeur Missouri a stockbroker formerly registered with Edward Jones is the subject of a customer initiated investment related written complaint on September 10, 2018 in which the customer sought $104,133.00 in damages based upon allegations that (1) unsuitable trades were executed in the customer’s account (2) trades had been made in excessive amounts and (3) commissions charged on government debt transactions were excessive.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on January 4, 2017, a customer initiated investment related complaint in regard to Kahn’s conduct was settled for $100,000.00 in damages supported by accusations that during the time that Kahn was associated with Edward Jones, stock trades were executed in the customer’s account on an excessive basis.
Kahn was discharged by Edward Jones on September 16, 2016 founded on allegations that he effected discretionary trades and executed excessive trades in violation of the firm’s policies. Between November 2, 2016 and August 7, 2017, Kahn was employed by Moloney Securities Co. Inc.