Accuses Omaha broker running $146.7 million-asset office of printing out client account and contact information the day before he was fired two weeks ago.
Pennington, named general partner in January, got a 10% hike in compensation but St. Louis-based firm’s chief financial officer was its highest-paid executive.
Arbitration panel orders Ohio broker and Prospera Financial to pay Jones almost $25,000 for allegedly soliciting more than 1,000 Jones clients after his 16-year career with firm.
Clients who moved from transactional commission to fee-based advisory accounts receive “significant additional services” and know through disclosures that fee accounts “could be more expensive over time,” firm argues in a filing to dismiss purported class-action lawsuit.
Veteran Staten Island, NY, broker moved more than $19 million and four associates to her new firm within a week of leaving earlier this month, according to lawsuit filed on Monday.
Lawsuit and Finra arbitration complaint that alleges violations of federal and state trade secret laws and the broker’s employment contracts is at least the second Jones has brought this year.
Lawsuit alleges violation of federal and state disability-protection laws because of a high curb restricting access to a Huntington Beach office building.
Brokers can send small or inactive clients with under $50,000 to the home office under the new “Connection” program.
In a sign of employers’ increasing sensitivity to charges of elder abuse, Edward Jones gave walking papers to Louisiana brokers who were top “producers.”
Former branch office administrator says verbal and physical abuse was facilitated by the two-person office structure characterizing most of Jones’s 13,000-plus branches.