| Read Time: 2 minutes |

DID JAYNE WAKEMAN CAUSE YOU INVESTMENT LOSSES?

Jayne Wakeman Of Edward Jones Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Jayne Wakeman of Edward Jones?

Jayne Wakeman (CRD #4334599) who is currently registered with Edward Jones and located in The Villages, Florida is a subject of one of our many securities industry sales practice abuse investigations.

Jayne Wakeman Customer Complaints

Jayne Wakeman has been the subject of 4 customer complaints that we know about. Three of Jayne Wakeman’s 4 customer complaints were settled in favor of investors. One of Jayne Wakeman’s customers’ complaints was denied and, to date, the customer has not taken any further action.

Allegations Against Jayne Wakeman

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Clients claimed they made changes from their annuities to life insurance. Clients claimed they were informed by Jayne Wakeman there were losses associated with the annuity they were surrendering. Clients later learned upon receiving a 1099R there was a taxable gain of $132,889. This resulted in additional income taxes due in the amount of approx. $32,000. Clients believed Jayne Wakeman allegedly did not properly research the cost basis and believe this could have been avoided if the Jayne Wakeman understood the tax consequences of the transactions and properly advised them.
  • Client claimed Jayne Wakeman informed him he could transfer his account to a new plan and because she handled both plans she could pay off the loan in the former plan without incurring taxes and/or penalties. Client claimed the transfer to the 401k was done, however, he incurred penalties and taxes contrary to the representations made by Jayne Wakeman.  Client claimed he made Jayne Wakeman fully aware of his need for this transaction to not cost him anything. Client believed the Jayne Wakeman advised him incorrectly and he did not believe he should incur the cost.
  • Client transferred in aggressive stocks and mutual funds on margin and complained of losses related to the securities and use of margin. Claims set forth for violation of Florida Securities Act, negligence, breach of fiduciary duty, and failure to supervise allegedly by Jayne Wakeman.
  • The client alleged that Jayne Wakeman delayed in following his sell instructions, allegedly causing him market loss.

Jayne Wakeman Red Flags & Your Rights As An Investor

Of course, Jayne Wakeman did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jayne Wakeman at Edward Jones on alert to review carefully the activity and performance of their accounts and question whether Jayne Wakeman has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Edward Jones also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Edward Jones Due To Jayne Wakeman

If you have questions about Edward Jones and/or Jayne Wakeman and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars
Loading...