Former Edward Jones Broker Thaddaeus Allen Investment Loss Options

Edward Jones

Were you the victim of former Edward Jones broker Thaddaeus Allen (CRD# 5644772)? He has been registered with Smith, Moore & Co. in Topeka, Kansas, since 2022. He was registered with Edward Jones in Topeka, Kansas, from 2009 to 2022.

Thaddaeus Allen Customer Complaints

He has been the subject of two customer complaints between 2022 and 2024, according to his CRD report:

August 2024. “Client alleges funds were removed from his account to purchase gold to a third party.” The customer is seeking $172,000 in damages, and the case was settled for $104,000. The complaint took place while he was registered with Edward Jones.

February 2022. “The client states she had funds earmarked for the purchase of a new home and alleges the funds were placed in an investment that was not low risk or conservative which resulted in a loss.” The case was settled for $7,802.82. The complaint was regarding mutual fund losses.

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 Thaddaeus Allen’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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.