Edward Jones Broker Permanently Barred by FINRA for Converting Customer Funds

Anthony John Cummings, a former registered representative with Edward Jones, consented to, but did not admit to or deny, the entry of the Financial Industry Regulatory Authority’s (FINRA) sanction and findings that he converted a customer’s funds for his personal use. According to FINRA, Anthony Cummings, of Cockeysville, Maryland, solicited $60,000 from a customer for his personal expenses.  The money came directly from the customer’s Edward Jones account.  FINRA found that Mr. Cummings kept the funds and neglected to repay his customer.  FINRA’s finding state that Mr. Cummings acted unethically by accepting the client’s money without the means or intent to repay the customer.  Consequently, Anthony Cummings was permanently barred from association with any FINRA member in any capacity.

Continue Reading