Jon VanSlooten Received a FINRA Sanction in Connection to Alleged Rule Violations

Jon VanSlooten

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 6, 2017 indicate that former Ohio-based Edward Jones broker/adviser Jon VanSlooten has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. VanSlooten (CRD# 2011865).

Jon VanSlooten has spent seven years in the securities industry and was most recently registered with Edward Jones in Toledo, Ohio (2008-2016). He has no previous registrations. He has passed two securities industry examinations: Series 66 (Uniform Combined State Law Examination) and Series 7 (General Securities Representative Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, Jon VanSlooten was recently sanctioned by FINRA in connection to alleged rule violations.

In June 2017 FINRA sanctioned him following allegations he “exercised discretionary trading authority and effected approximately 586 trades in the accounts of four member firm customers without prior written authorization from the customers and without having obtained approval from the firm to treat the accounts as discretionary.” FINRA’s findings stated further that “the firm’s written supervisory procedures prohibited its registered representatives from exercising discretionary authority over client accounts.” As noted in the letter of Acceptance, Waiver and Consent (No. 2016048946201) signed by Mr. VanSlooten and submitted to FINRA, “NASD Rule 2510(b) prohibits registered representatives from exercising discretion in a customer’s account unless the customer has provided prior written authorization and the account has been accepted in writing as a discretionary account by the registered representative’s member-firm employer.” He was issued a 3-month suspension and a fine of $7,500.

If you or someone you know has lost money investing with Jon VanSlooten, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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