21 years with Edward Jones- ED HOOD
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[quote=noggin]There is more to the story than you know.[/quote]
That’s a mighty provocative statement…are you going to share, or at least drop a hint?
I wish I knew more and some days I wish I knew less. I will just say it is a lot larger than 1 account.
[quote=noggin]I wish I knew more and some days I wish I knew less. I will just say it is a lot larger than 1 account. [/quote]
I hear ya…wow so do I hear ya after 15 years at a few firms.
This can be a great business, and it can be a shitty business when people let greed get the better of them.
You just keep doing the right thing…so you can look that guy in the mirror right in the eye each morning…and you’ll be fine.
Be Thankful.
[quote=MISS JONES]I agree… Not everyone is on the same page here at Jones… But ‘Oh well’, That is at every firm… I do what is right for my clients and try not to worry too much about the people giving our firm a bad name. i.e. Ed Hood.
Miss J[/quote]If you keep that mindset, you'll be fine no matter what name is on the front door. Keep it up!
[quote=Indyone]That’s what the lawyers are saying…
http://edhoodfraud.homestead.com/ [/quote]Oh wow...if they are even half right in their allegations this could get ugly for the boys and girls in DesPeres, MO.
[quote=compliancejerk] [quote=Broker24]
boy has spiffy and his ilk edumacated you well. I didn’t know you had spent any time doing compliance? If all oversight is electronic then there would be no need for a Compliance department. So you are awarethere is a big difference between local supervision and HO oversight.
Just as an excercise check out the top GPs, RL or even the rep down the street at your firm on FINRA and see what sort of compliant history they have… some may be just a nasty as those employed at the “little chop shop”. [/quote]
Don’t make this a stupid Jones thing. My knowledge of compliance has nothing to do with Jones. Someone very close to me spent 25 years at NASD regs, breaking up chop shops, infiltrating bad branches (mostly regional B/D’s), etc. I’m no expert, I just grew up being schooled on what happens in these situations. My point was that regardless of the firm, unscrupulous individuals exist everywhere, and can orchestrate scams anywhere. That’s why they are scams. This guy could have done this at Jones, AGE, ML, etc. If you know how compliance works, there are always ways to work around it. I’m not defending Jones. Ultimately, every firm must stand behind all of its’ reps. But every firm will also try to point out that it was not the firm’s doing, but the work of a rogue broker (which is most often the case). At the end of the day, Jones’ back is against the wall on this. It’s like the toy companies - they did not intentionally put lead in their toys from China, they were just not thorough enough in their review of their overseas suppliers.
It’s not a stupid E Jones thing, it is a stupid registered rep thing. It just so happens that he was a General partner and a Regional Leader at the formentioned company. Such a situation is a shame not only for Jones, but for all of us in the industry.
Sad, very sad. It could happen at any firm. I wonder what the last thought that ran across his mind…just before that bullet? KOOOOLAID…GREEN KOOOLAID.
Dude, that's pretty cold. Don't turn a tragedy like that into some anti-Jones thing.Sad, very sad. It could happen at any firm. I wonder what the last thought that ran across his mind…just before that bullet? KOOOOLAID…GREEN KOOOLAID.
Dude, that's pretty cold. Don't turn a tragedy like that into some anti-Jones thing.[/quote] A 21 year vet/GP had no complaint until this year (according to FINRA)???? I'm sure there will be a number of FSPEND wire to review especially since there are 2 complaints with FINRA both for elderly clients. Yes this type of behavior occurs at other firms too. It is your santimonous mantra of we always do best by our clients that we (on the "dark-side") take issue with. In other words your employer (and colleagues) are is NO different from another firm so don't hold yourself out that you are.[quote=EdJehovah] Sad, very sad. It could happen at any firm. I wonder what the last thought that ran across his mind…just before that bullet? KOOOOLAID…GREEN KOOOLAID.
Unfortunately, Edward Jones has still not settled with the several families involved in this Tennessee fiasco. Our family is involved. Not only is all the money gone but Edward Jones adds insult to injury by stalling and causing undue stress on these elderly families. Very few of them will be alive when it is settled. What a way to live the last few of your Golden Years.
KarenSorry to hear about your loss. Unfortunately, your family was scammed by one of the biggest scammers in the industry. Buyer beware…considering this person was a GP, you would think the company would try to make things right…but…this is Jones your talking about. I would ask Spiffy why his firm continues to make these families suffer. If I were you Karen, I would give a call to CBS and 60 minutes…they love these sort of things.
That’s just a shame, although I’m sure you can chalk that up to advice EDJ is getting from their attorneys. Those attorneys are paid to carefully craft a settlement that works for all parties, and given the complications, I’m not surprised it is taking awhile. You and your family have my sympathy as you work through this mess.
...and given what I saw on EIA sales, you can add Dateline to the list...I'm sure they'd be intrigued by a story like this...[quote=HurryUpKC]Unfortunately, Edward Jones has still not settled with the several families involved in this Tennessee fiasco. Our family is involved. Not only is all the money gone but Edward Jones adds insult to injury by stalling and causing undue stress on these elderly families. Very few of them will be alive when it is settled. What a way to live the last few of your Golden Years.
Karen [/quote] I understand the situation more than many others. It certainly factored in my decision to leave Ed Jones. It is my hope that my ex firm makes you and your family as whole financially as possible. It is a very sad situation in all aspects.Every $$$$ your family lost should be repaid–period…Jones has the $$$$ to make that happen and get this over with! Work with your attorney–but go on the attack if necessary! Sue for all the lost interest for everyday they fail to pay all the money back.
I would say good luck--but you will win this if you are willing to wait it out!Thanks so much. I felt like the $$ 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