Edward Jones Terminated Financial Advisor John Winslow

John Winslow (CRD#: 3071933) is a previously registered Broker and previously registered Investment Advisor.

Broker’s Background

He entered the securities industry in 1998 and previously worked for Edward Jones; UnionBanc Investment Services, LLC; Key Investment Services, LLC; and Morgan Stanley DW, Inc.

Current And Past Allegations Of Conduct Leading To Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in December 2021, John Winslow was discharged by Edward Jones after allegations that the “Registered Representative (“RR”) admitted he failed to disclose to the Firm that he received funds from a client. RR also admitted to receipt of gold coins purportedly purchased on behalf of the client in a PO Box controlled by the RR and not disclosed to the Firm. Client alleged RR has not returned any of the funds that were transferred to RR and refuses to do so. Client alleged no memory or awareness of gold coins purportedly purchased on client’s behalf nor have any gold coins been received.”

In addition, John Winslow has been the subject of one customer complaint, including one that remains pending, including the following:

• December 2021 — “Claimant alleges registered representative (“RR”) stole funds from Claimant. Specifically, Claimant alleges RR advised Claimant to lend funds to the RR that the RR would repay with interest exceeding what Claimant would receive from Claimant’s investments. Claimant alleges RR has not returned any of the funds that were transferred to RR and refuses to do so. Claimant further alleges RR transferred cash and securities from Edward Jones to another firm. Claimant alleges RR controlled Claimant’s account at the other firm and drew checks from the account for the purchase of commodities that have not been received by the Claimant. Relevant period of alleged conduct approximately October 2017 through approximately April 2021.” The customer dispute is pending, and damages of $893,289.93 are requested.

For a copy of John Winslow’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

FINRA Rule 2150 specifically addresses theft and conversion in a customer account, stating “no member or person associated with a member shall make improper use of a customer’s securities or funds.”  This rule includes any “guarantee” that brokers make to customers in relation to losses incurred in a brokerage account.

In addition, FINRA Rule 3240 strictly prohibits a financial advisor from borrowing money from a client absent from unique circumstances, such as a familial relationship between the Financial Advisor and the client.  There is also an exception if the client is a financial institution regularly engaged in the business of lending.  The reason for this prohibition is clear—borrowing money from clients creates an immediate conflict of interest and can potentially lead to theft or conversion of client assets.

The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.

Former Edward Jones Financial Advisor John Winslow Barred by FINRA

John Winslow (CRD#: 3071933) is a previously registered Investment Advisor and previously registered Broker.

Broker’s Background

He entered the securities industry in 1998 and previously worked for Edward Jones, UnionBanc Investment Services, LLC; Key Investment Services, LLC; and Morgan Stanley DW, Inc.

Current And Past Allegations Of Conduct Leading To Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in April 2022, FINRA sanctioned John Winslow, barring him from all capacities indefinitely, beginning April 12, 2022. The FINRA sanction states, “Without admitting or denying the findings, Winslow consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with its investigation into a Uniform Termination Notice for Securities Industry Registration (Form U5) filed by his member firm disclosing that his employment was terminated because he failed to disclose to the firm that he received funds from a client.”

For a copy of the FINRA sanction, click here.

In addition, John Winslow has been the subject of two disclosures, both arising out of this same event:

• December 2021 — “Registered Representative (“RR”) admitted he failed to disclose to the Firm that he received funds from a client. RR also admitted to receipt of gold coins purportedly purchased on behalf of the client in a PO Box controlled by the RR and not disclosed to the Firm. Client alleged RR has not returned any of the funds that were transferred to RR and refuses to do so. Client alleged no memory or awareness of gold coins purportedly purchased on client’s behalf nor have any gold coins been received.” John Winslow was discharged by Edward Jones after allegations were made.
• December 2021 — “Claimant alleges registered representative (“RR”) stole funds from Claimant. Specifically, Claimant alleges RR advised Claimant to lend funds to the RR that the RR would repay with interest exceeding what Claimant would receive from Claimant’s investments. Claimant alleges RR has not returned any of the funds that were transferred to RR and refuses to do so. Claimant further alleges RR transferred cash and securities from Edward Jones to another firm. Claimant alleges RR controlled Claimant’s account at the other firm and drew checks from the account for the purchase of commodities that have not been received by the Claimant. Relevant period of alleged conduct approximately October 2017 through approximately April 2021.” The customer dispute is pending, and damages of $893,289.93 are requested.

For a copy of John Winslow’s FINRA BrokerCheck, click here.

FINRA Rule 2150 specifically addresses theft and conversion in a customer account, stating “no member or person associated with a member shall make improper use of a customer’s securities or funds.”  This rule includes any “guarantee” that brokers make to customers in relation to losses incurred in a brokerage account.

In addition, FINRA Rule 3240 strictly prohibits a financial advisor from borrowing money from a client absent from unique circumstances, such as a familial relationship between the Financial Advisor and the client.  There is also an exception if the client is a financial institution regularly engaged in the business of lending.  The reason for this prohibition is clear—borrowing money from clients creates an immediate conflict of interest and can potentially lead to theft or conversion of client assets.

We Help Investors Recover Investment Losses

The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.