Jilena Mok of Edward Jones Sanctioned for Unauthorized Discretionary Trades

Attorney Advising Disclaimer

FINRA fined and suspended Edward Jones broker Jilena Yuen-Han Mok for making 11 unauthorized trades in a non-discretionary account and making an additional 108 trades in nine other customers' accounts without prior written authorization.

Jilena Yuenhan Mok (CRD #6115674) worked at Edward Jones in San Francisco, CA from 2012 through 2023 and was registered as both a broker and investment adviser with the firm. According to FINRA, Mok violated industry rules by exercising discretion without prior written authorization and without the account having been accepted as discretionary by the firm, Edward Jones.

The citation for 108 inappropriate trades relates to Mok purportedly exercising discretion in non-discretionary accounts without communicating to the customers prior to the execution of said trades.

In February 2023, Edward Jones filed a separation disclosure noting it terminated Mok for failing to adhere to firm policies relating to discretionary orders.

Despite this termination disclosure, Aegis Capital Corp hired Mok several months later as both a broker and investment adviser.

Unauthorized trading activity and use of discretion without authorization can result in additional commissions, sales charges, and other transaction fees, in addition to the risk of an unsuitable product performing poorly and leading to customer losses.

If you invested with former Edward Jones and current Aegis Capital broker and investment adviser Jilena Yuen-Han Mok or with any registered representative who exercised discretion in a non-discretionary account or purchased and sold securities in your account without authorization, resulting in damages, 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.

Related Posts
  • Stifel Financial Agrees to Pay for Failing to Supervise Brokers Who Allegedly Stole Client Funds, Made Unsuitable Trades Read More
  • Osaic aka SagePoint Financial's David Tall Barred for Unauthorized Promissory Notes Read More
  • Morgan Stanley Broker Stole $3.5 Million from Clients, According to SEC, Arrested for Elder Exploitation Read More