How Edward Jones Can Be Responsible For Investment Losses

Did you lose money because of your Edward Jones broker? If so, the attorneys of Stoltmann Law Offices are interested in speaking with you about your losses. Recently, Edward Jones lost a claim for a restraining order against a former broker, D. John Dupuis Jr. Edward Jones accused Mr. Dupuis of breaching client privacy by soliciting them from Wells Fargo’s Florence, Alabama branch. A Financial Industry Regulatory Authority (FINRA) arbitration panel dismissed all of the company’s claims earlier this month. Edward Jones was seeking a petition for a permanent injunction against him, plus punitive damages, but Dupuis and his legal team won the argument that Edward Jones could not block him from making calls to clients or mailing tombstone announcements about the fact that he was switching firms. Edward Jones accused Dupuis of sharing trade secrets, breach of contract, civil conspiracy, unjust enrichment and other misconduct. Edward Jones also alleged that Wells Fargo aided and abetted his breach of fiduciary duty. In Alabama, however, the non-solicitation covenant in Dupuis’ contract is unenforceable in the state due to the laws against restraining the exercise of a profession. If you suffered losses with Edward Jones, please call our law offices today at 312-332-4200 to speak to an attorney about how you may be able to reclaim your investment losses on a contingency fee basis.