FINRA barred ex-Edward Jones broker John Scott Winslow, formerly of the firm's Gig Harbor, Washington office, in connection with a customer dispute alleging Winslow stole from the client, resulting in $893,289.93 in damages.
According to AWC #2022073728601, investigators were looking into John Winslow (CRD #3071933),'s termination from Edward Jones, further finding a client's allegation that Winslow had failed to return funds given to him by that client.
Edward Jones' explanation for discharging Winslow in December 2021 indicates that Winslow had failed to disclose to the firm that he had received funds from a client, also admitting that he received gold coins that were purportedly purchased on the client's behalf.
The customer's December 13, 2021 dispute alleges that Winslow outright "stole funds" from the claimant. The complaint alleges that Winslow advised the client to lend funds and that they would be repaid with interest that exceeded anything the customer would have made from investing in a traditional way.
Instead, alleges the client, Winslow transferred cash and securities from Edward Jones to another firm and used money from the claimant's account to purchase commodities that the claimant never received. The client alleges damages of $893,289.93.
If you invested with John Scott Winslow, or any broker or investment adviser who persuaded you to lend them money or invest in a product away from the firm, and without authorization or disclosure to the firm, and you have incurred damages or losses as a result of this misconduct, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.