Elder Financial Abuse Law Firm

Did You Suffer Investment Losses While Working With Former Edward Jones Broker John Winslow? Barred Financial Advisor Is Accused of Elder Financial Abuse

The Shepherd Smith Edwards and Kantas Elder Financial Abuse Law Firm (investorlawyers.com) is investigating claims of losses involving former customers of barred former Edward Jones stockbroker John Winslow. The ex-Washington State financial advisor is indicted on 14 criminal charges, including wire fraud, after he allegedly misappropriated more than $920K from an elderly widow.

The Department of Justice contends that the barred broker exploited his relationship with this client to commit an allegedly complex scam that redirected money from her accounts at the broker-dealer to him. Prosecutors  say  that Winslow promised her greater returns.

Earlier this year, the US  Securities and Exchange Commission (SEC) sued and barred Winslow. That move comes after the Financial Industry Regulatory Authority (FINRA) also barred him.  Edward Jones fired John Winslow in 2021.

According to Winslow’s CRD, a more than $972K settlement was reached in an investment loss recovery claim filed by a client. This customer contends that he stole their money after borrowing funds and promising to repay with interest greater than what could be earned from the investments.

It is not clear whether this is the same investor as the one he allegedly defrauded and that resulted in the criminal charges.

Are You An Older Investor Who Suspects Your Broker May Have Defrauded You?

Unfortunately, there are financial advisors who may seek to take advantage of an elderly investor’s age, cognitive issues, and/or nest egg by using their professional relationship to defraud them. Not only is this a crime, but it can also be grounds for pursuing damages from your stockbroker and their broker-dealer.

At the Shepherd Smith Edwards and Kantas Elder Financial Abuse Law Firm, we represent seniors, retirees, and older investors, as well as their families, in suing brokerage firms for investment losses caused by elder financial exploitation. We know how life-altering it can be to be the victim of misappropriation or fraud, especially by someone you trust.

We know that perpetrators of senior financial abuse can be someone even closer to home, like a friend or relative. That is why we have partnered with McCulloch & Miller to help seniors and their loved ones with their elder law and estate planning needs.

Contact Our Senior Financial Exploitation Law Firm Today

If you suspect that broker misconduct played a role, and you are an older investor or a family member of one, please reach out to schedule your free, initial case consultation with one of our trusted elder financial abuse attorneys.

More than 90% of our clients, many of them seniors and older investors, have secured full or partial financial recovery through our skilled efforts. Call our Elder Financial Abuse Law Firm at (800) 259-9010 or fill out this form.