Complaints Against WILLIAM BLACK of Edward Jones – Malvern, AR
Edward Jones Subject of Arkansas Complaint Regarding Supervision of William Black
Have you lost money with financial advisor William Black of Malvern, Arkansas? We are investigating allegations made by the Arkansas Securities Department. Arkansas alleged that Edward Jones failed to reasonably supervise William “Ken” or “Kinney” Black.
Arkansas alleged that Black was placed on heightened supervision over allegations that he was excessively trading customers’ accounts. Arkansas alleged that despite being on heightened supervision by Edward Jones, Black continued an inappropriate trading strategy for several clients. Edward Jones was ordered to pay a $50,000 fine.
William Black was a financial advisor and registered representative of Edward Jones from 2000 to September 2015. He worked at branch offices Malvern, Arkansas. He has been the subject of at least two customer complaints, and he was also fired by Edward Jones in 2015.
Brokerage firms like Edward Jones have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Arkansas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Edward Jones.
Click to view: Black, William-Edward Jones Arkansas Order 1
Click to view: Black, William BrokerCheck 10.5.18
If you lost money with William Black or Edward Jones, please CONTACT US at 720-599-3505 for a free evaluation of your case.