There are options for clients of Edward Jones broker Michael Melton (CRD# 4596556) who suffered investment losses. He has been registered with Edward Jones in Troy, Illinois, since 2002.
Michael Melton Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
August 2022. “Claimant, individually and in her capacity as Executrix of deceased client’s Estate, alleges through various causes of action, that Edward Jones permitted the wrongful transfer of funds to Claimant’s brother from her deceased mother’s Edward Jones account. Claimant questions the mother’s capacity to give instructions for such transfers and likewise challenges the validity and approval of the power of attorney.” The customer is seeking $332,353.32 in damages, and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Edward Jones may be liable for investment or other losses suffered by Michael Melton’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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