21 years with Edward Jones- ED HOOD
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Here, let me be a good citizen today......
Contact UsADDRESS:
60 Minutes
524 West 57th St.
New York, NY 10019
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PHONE: (212) 975-3247
As I close my eyes, I can see Steve Kroft or Katie Couric sitting with the weak, 80 year old, discussing how her and her late husband trusted Jones and Ed Hood to protect their assets. How he stated they were the best firm in the industry and he even stopped by their house back in the 80's. They do it the ol fashioned way,,,face to face....She is having to get donations from her church to eat and pay her utilities. "Mam, how much of your money was lost to the EDJ broker?" 1.2 million....my husband worked 3 jobs for 50 years to save that much...I'm just glad he's not here to see this...Katie--Did you know the MP of EDJ collects vintage cars and makes, reportedly, 8million a year. How does that make you feel? Do you feel the MP is doing enough to make things right with you? Have you seen any money from EDJ? How are you paying your bills right now? Are you still getting your "Meals on Wheels" for lunch?
If I was Katie, I would take the 80+ year old(if able) by old Jims home and doorknock him. Right at dinner time…ask him about the lawsuit…see if he could give the lady some scraps off his dinner table…even see if she could go on one of the diversification trips EDJs gives out…maybe sit in the luxury box at Busch (Inbev) stadium for cubs cardinals game…Her and her husband were too damn busy for 50 years working to go to a game…Karen…IF you don’t contact 60 minutes…I willl.
[quote=HurryUpKC]
Thanks so much. I felt like the $$ that were lost plus interest should have been returned immediately; Even from the perspective of good faith for future lawsuits! But she hasn't gotten a dime...I can't remember what year Ed died, but they knew even before that. I know that they will pay eventually, but not soon enough to help this elderly woman live any kind of life. She's in her late 80's.
Karen
[/quote] Umm...I know I may be hitting a hornet's nest with a stick here, but what do you mean you don't remember what year Ed died? You said you had family involved in this situation. You don't know the details? That comment seems kind of strange to me. Before you take Ms. spears advice on calling 60 minutes, you might want to get your details ironed out. Now, as I've said before in this post, if a Jones GP stole money from someone, I believe it should be paid back and I'm confident at some point in the future it will be. In the meantime I'm sure the lawyers are battling it out and trying to figure out exactly how much was stolen, by whom, and who is ultimately responsible for repayment.At the same time she could go visit all of the other brokerage firms, including LPL, who have had this kind of thing happen to them. I'm sure the FINRA files are full of situations just like this one. That way you can make it an informative piece on the entire industry, maybe take us all down in one fell swoop. Why just limit it to EDJ?If I was Katie, I would take the 80+ year old(if able) by old Jims home and doorknock him. Right at dinner time…ask him about the lawsuit…see if he could give the lady some scraps off his dinner table…even see if she could go on one of the diversification trips EDJs gives out…maybe sit in the luxury box at Busch (Inbev) stadium for cubs cardinals game…Her and her husband were too damn busy for 50 years working to go to a game…Karen…IF you don’t contact 60 minutes…I willl.
Spiffy-
Even you the staunchest Jones supporter on these forums has to be scratching your head wondering why the GP's aren't settling (Hood case) this one to get it out of the way and do what every firm in the industry does; Pay and deny any wrongdoing. I am sure LPL has done it. Many times just like Jones. Wow...now I am a drone of LPL. What color is my drink?Spiff,
You are one of the few EDJoners on this forum for which I have any respect but I really do think that you should stay out of this conversation. Trying to justify the actions of the GPs in this tragic situation is only making you look silly.About time you showed up Spiffy...what were you doing...flippin bonds...anyway...the point is your crappy ass firm runs around saying.."we're the best...we're the only firm who does the right thing for the client"...bullshit...the curtain needs pulled back and you need your ass kicked..and maybe you'll have a little bit of humility and come out of it just a little better than you were before. "WELL...hell....everyone else is screwing and stealing their clients money...so why can't we"...mentallity doesn't work. It wouldn't suprise me if there's a ton more of this happening at your firm.
[quote=Spaceman Spiff][quote=HurryUpKC]
Thanks so much. I felt like the $$ that were lost plus interest should have been returned immediately; Even from the perspective of good faith for future lawsuits! But she hasn't gotten a dime...I can't remember what year Ed died, but they knew even before that. I know that they will pay eventually, but not soon enough to help this elderly woman live any kind of life. She's in her late 80's.
Karen
[/quote] Umm...I know I may be hitting a hornet's nest with a stick here, but what do you mean you don't remember what year Ed died? You said you had family involved in this situation. You don't know the details? That comment seems kind of strange to me. Before you take Ms. spears advice on calling 60 minutes, you might want to get your details ironed out. Now, as I've said before in this post, if a Jones GP stole money from someone, I believe it should be paid back and I'm confident at some point in the future it will be. In the meantime I'm sure the lawyers are battling it out and trying to figure out exactly how much was stolen, by whom, and who is ultimately responsible for repayment. [/quote] Now, Spiff c'mon man. The facts are HE DID STEAL FROM CLIENTS.Thanks so much for the great advice/encouragement/ideas. I have been so frustrated by this. We got a “bill” from the lawyer, who has not hired the first expert witness or done anything but file and keep us informed…for , GET THIS…$75,000. and they added…“so far” So I am seriously considering pulling the Fox News, Dateline, etc. card.
Spiffy, I am going from memory on this and could go back and look up all the dates, but why. I hope you understand that this was input I was giving after reading your talk about the issue. I thought you guys would want a first hand report of the situation. Thanks again... KarenFor $75K, I am surprised your lawyer has not instructed you about discussing the lawsuit on open forums. I am also surprised that part of the deal will not include an agreement not to go public. I am also surprised that you stumbled upon this forum. I am also surprised that your facts are so wrong about the case. Remarkable.
Spears, Spears, Spears. What SHALL we do with you?Heed my words B24…I may go over the top on some issues, but most are right on the money. Could you give one good reason why Jones hasn’t stepped up to the plate and made restitution? This isn’t some newnew in Potash WI who stole, this is one of their brethren. A GP for goodness sake…who taught him how to do this…Maybe he was a visiting vet in Spiffys training classes and spiff took him aside with some “not made for tv info”…because spiff was trying to suck up to the GP…
Look, I may be completely off base with this HurryUpKC person, and if I am, I apologize. My intent is not to side with the GPs. If you’ll take the time to go back and read the earlier posts, you’ll find that my opinion is that if there has been some wrongdoing on the part of a Jones FA, then the firm needs to buck up and make them whole. BTW, it’s not “the GP’s” that are in charge of settling this case. It would be EDJ legal counsel, counsel for the families, probably some forensic accountants, police, FBI, etc. There may be some Jones associates involved, but I would assume only to dig up whatever records there might be on Ed and his office.
I just found it curious that someone who was intimately involved in a huge case like this doesn't know a basic fact like when Ed died. I also find the "spoken like a true Edward Joneser" comment to be interesting. It suprises me that someone outside the industry who happens to stumble across this website would make a comment so, I don't know, spears like. Just seems strange. And the rest of you just blindly believe her...well, I wouldn't have expected much different. You'll believe anything anyone has to say that is anti-Jones.I think on this one, not only have you gone over the top, but you've set a new high for over the top. What proof do you have that Jones HASN'T made restitution? You're going to believe a somewhat anonymous poster on this board? We wouldn't hear about it if Jones had made them whole anyway. The only people who would probably ever really know are the people who they stole the money from. Nobody's going to publish an ad that states who was wronged, how much was stolen, and how much they got back from Jones. And if you haven't thought about it yet, the prosectuting attorneys are not just going to say, give us back what you stole. They're going to say give us back what you stole, plus interest, plus damages, plus your right arm for mental stress and anguish. That's all going to take time. I'll admit, I did teach the elective money laundering course during PDP. Not everyone was invited. Just those folks I figured would kick some back my way. Spears, I think you were there.Heed my words B24…I may go over the top on some issues, but most are right on the money. Could you give one good reason why Jones hasn’t stepped up to the plate and made restitution? This isn’t some newnew in Potash WI who stole, this is one of their brethren. A GP for goodness sake…who taught him how to do this…Maybe he was a visiting vet in Spiffys training classes and spiff took him aside with some “not made for tv info”…because spiff was trying to suck up to the GP…
I don’t know anything about this, but it’s tough to believe that Hurryupkc is legit.
If the poster HurryUpKC is in fact authentic more than strange that the person has been able to find this Forum. More importantly the issue of PRIVACY and these posts could have
ramifications before the courts. Anonymous , B24 and Spiff may be on to something? If HurryUpKC is genuine, a word of caution may be order.I doubt anything she has said on here would be of interest to a court of law. There’s more damaging info in the Tennessean, than whats being said on here. Google Edward Jones and see what pops up…this forum…She may not even be part of the suit. She may be a friend of a friend who knows this lady…who knows…the point is…Jones needs to pay up…and if it means cutting Spiffs payout from 35% to 25%…so be it.
Spears, we all know you are just trying to drum up a little anti-Jones hatred. It didn’t take long to see through it.
Our friend HurryUp is a failed attempt to create controversy. Personally, I think it 's pretty sick. This was a horrible situation for all those involved, and our "imposter" is making light of it.I’m not doing anything except putting out my personal opinions. I’ve been there and no how your oganization operates. If I were you, I’d be pissed they haven’t made them whole, but instead, your so drunk on koolaid, you defend your firm and make excuses. You can deny, deny, deny and act as if this is the victims fault and its all corporate way of doing things…but in the end…its the way your organization operates. I have no dog in this race, but if I did, I would be bringing down holy shit on St Louis. I can’t see why someone hasn’t raised hell with the firm and made this public. I have no idea whether HurryuP is real or not, but to not understand how anyone finds this forum is rediculous. Hell, we’ve got new people popping up all the time…“wow, I’m glad I found this forum, so much great info”…get back to your calls, before your inventory dries up…