Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Geraldine Polvino (Polvino), previously associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Polvino recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $52,000.00 on May 31, 2022.
The client alleges the financial advisor did not inform her of the potential tax implications of transferring funds to her Edward Jones account. The clients allege the financial advisor’s recommendation to transfer the funds to the Edward Jones account, and the subsequent liquidation of Ameritrade assets and purchase of new assets in the Edward Jones account were not in her best interests. The clients allege the financial advisor and Edward Jones failed to follow instructions to minimize tax implications.