Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jared Colao (Colao), currently associated with Edward Jones, has at least one disclosable event. These events include one customer complaint, alleging that Colao recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint on October 12, 2022.
Client alleges he is upset with Empower, Edward Jones, and Financial Advisor in the handling of his 401k rollover as he is facing tax consequences due to the close-out of an existing loan on his 401k despite Client’s alleged clarity to all parties that he specifically wanted to avoid any tax consequences and wanted to leave his loan in place with Empower to ensure avoidance of said tax consequences.