Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Former Edward Jones Broker James Vincent Marino Accused of Theft From Client

Former Edward Jones financial advisor James Vincent Marino (CRD# 6192459) has been investigated by the Financial Industry Regulatory Authority (FINRA) for allegations that he accepted gifts from a client and used the client’s credit card for his own personal benefit.

In a letter of Acceptance, Waiver, and Consent, FINRA stated that James Marino received the regulatory authority’s request to appear on July 13, 2017 for on-the-record testimony, but Marino said in an email to FINRA staff that he would not appear for such testimony at any time.

As a result of his failure to appear, FINRA has barred James Marino from associating with any FINRA member in any capacity.

James Marino is not currently registered, but was with Edward Jones of Pompano Beach, Florida from 2013 until he was discharged in October 2016.

Publicly available records provided by FINRA in a BrokerCheck reveal James Marino is accused of broker theft by stealing money from a client from November 2013 through April 2016 while James Marino was with Edward Jones. That client is seeking $702,300 in damages.

Protecting Yourself from Broker Theft

Broker theft is committed in a variety of ways. Sometimes an unscrupulous broker will ask the customer to write a check out to the broker or a business the broker controls. Instead of investing the customer’s money, the broker cashes the check and uses the money for personal endeavors.

To protect yourself from such broker theft, never make a check payable to the broker or one of the broker’s companies. Only send money to the institution that is taking custody of your money for investment purposes rather than giving it to the person who is selling you the investments.

Another avenue for broker theft is unauthorized withdrawals. Your investment account statements will show evidence of this type of broker theft if it has occurred.

If you have had investments with James Marino or any other financial advisor who you believe has committed broker theft, the investment fraud attorneys at Meyer Wilson would like to speak with you. Call today for a free consultation with no risk to you.

Related Posts:

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 .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram