INVESTORS: Former Edward Jones broker John Winslow was barred by FINRA following allegations that he failed to disclose to his former firm that he received funds from a client.
John Winslow (CRD#:3071833) was registered as a broker with Edward Jones from 2013 until 2021. Previously, Winslow was registered as a broker with Investors Capital Corporation from 2008 until 2016.
Winslow has three disclosures on his BrokerCheck report.
April 2022 Regulatory Judgment
Initiated By: FINRA
Allegations: Without admitting or denying the findings, Winslow consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with its investigation into a Uniform Termination Notice for Securities Industry Registration (Form U5) filed by his member firm disclosing that his employment was terminated because he failed to disclose to the firm that he received funds from a client.
Resolution: Acceptance, Waiver & Consent (AWC)
Sanctions: Bar (Permanent)
Registration Capacities Affected: All Capacities
Start Date: 4/12/2022
December 2021 Employment Separation After Allegations
Firm Name: Edward Jones
Termination Type: Discharged
Allegations: Registered Representative (“RR”) admitted he failed to disclose to the Firm that he received funds from a client. RR also admitted to receipt of gold coins purportedly purchased on behalf of the client in a PO Box controlled by the RR and not disclosed to the Firm. Client alleged RR has not returned any of the funds that were transferred to RR and refuses to do so. Client alleged no memory or awareness of gold coins purportedly purchased on client’s behalf nor have any gold coins been received.
December 2021 Customer Dispute
Allegations: Claimant alleges registered representative (“RR”) stole funds from Claimant. Specifically, Claimant alleges RR advised Claimant to lend funds to the RR that the RR would repay with interest exceeding what Claimant would receive from Claimant’s investments. Claimant alleges RR has not returned any of the funds that were transferred to RR and refuses to do so. Claimant further alleges RR transferred cash and securities from Edward Jones to another firm. Claimant alleges RR controlled Claimant’s account at the other firm and drew checks from the account for the purchase of commodities that have not been received by the Claimant. Relevant period of alleged conduct approximately October 2017 through approximately April 2021.
Damage Amount Requested: $893,289.93
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