EDWARD JONES

Discharged

IN FEBRUARY 2010, MR. CHUKWUMA OBTAINED AN ORIGINAL CLIENT SIGNATURE ON AN INCOMPLETE LETTER OF AUTHORIZATION AND PHOTOCOPIED THE SIGNED DOCUMENT CREATING A NEW AUTHORIZATION FORM FOR THE SAME CLIENT. INCOMPLETE SIGNED LETTERS OF AUTHORIZATION WERE ALSO PROVIDED TO MR. CHUKWUMA'S BRANCH OFFICE ADMINISTRATOR AND PROCESSED IN THE SAME WAY.

REGARDING THE ALLEGATION THAT IN FEBRUARY 2010 I OBTAINED AN ORIGINAL CLIENT SIGNATURE ON AN INCOMPLETE LETTER OF AUTHORIZATION IN ORDER TO CREATE A NEW AUTHORIZATION FOR THE SAME CLIENT, I CONTEND THAT A TRAINER WITH EDWARD JONES TRAINED ME TO DO THIS. THIS SINGLE INSTANCE WAS DONE WITH THE CLIENT'S KNOWLEDGE IN MY 3RD MONTH AS A FULLY-LICENSED REPRESENTATIVE. MOST EMPHATICALLY, I DID NOT PROVIDE SIGNED, INCOMPLETE LETTERS OF AUTHORIZATION TO MY BRANCH OFFICE ADMINISTRATOR TO PHOTO COPY THE SIGNED DOCUMENTS FOR USE "ON-DEMAND" OR OTHERWISE. RATHER, WITHOUT MY KNOWLEDGE, MY ADMINISTRATOR MADE PHOTO COPIES OF THE INITIAL INCOMPLETE, SIGNED AUTHORIZATION AND USED THEM TO SET UP MORE AUTHORIZATIONS. THIS INDIVIDUAL HAD WORKED AT THE FIRM FOR ANOTHER ADVISOR PRIOR TO MY HIRE AND INDICATED THAT THIS WAS A STANDARD PRACTICE SHE HAD LEARNED FROM A TRAINER AT EDWARD JONES.