Canada-Complaints.com » Business & Finance » Complaint / review: Edward Jones - Unauthorized Trade | #9997

Edward Jones
Unauthorized Trade

The broker, Ed Sernoski, did purchase in one of my accounts, 400 shares of BP without discussion or authorization on May 27, 2010. When I complained, I was stalled off by their compliance department and told to complain to IIROC, which is another delaying tactic. Apparently, IIROC will not order restitution.

I have subsequently filed a small claims action for my losses of about $9, 000. Edward Jones lawyers actually filed a statement of Defence which basically states that I am only complaining because the investment has fallen in value.

In 40 years of investing, nothing like this has ever happened to me before. Needless to say, I removed the account. These guys are major bad news. I only hope I get my money out of them before they crash and burn.

Date:

Company: Edward Jones

Country: Canada   Province: British Columbia   City: Vancouver
Site:

Category: Business & Finance

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