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Former Edward Jones Broker Fired and Expelled from Industry over Allegations He Misused Elderly Client's Funds

According to records published by the Financial Industry Regulatory Authority (FINRA), Kerby was terminated from Edward Jones in November 2017 for misusing client funds for his own benefit.

FINRA followed up with a regulatory examination of the alleged misconduct, and Kirby refused to cooperate. Because he would not provide the regulator with requested information, he is permanently barred from the securities industry. Matthew Kerby was registered with Edward Jones from 2007 to 2017 before being permanently barred from the industry earlier this month.

While most financial advisors are reliable and trustworthy people, some unscrupulous brokers use their position of trust to take advantage of their customers by stealing customers’ money. Senior investors can be particularly vulnerable to this type of misconduct. You can learn more about broker theft and what to do about it here. If you believe you or a loved one may be the victim of broker theft, call Meyer Wilson today for a free case evaluation.

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The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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