FINRA Investigates Alexandria Bovee’s involvement in Alleged Ponzi Scheme
A former Edward Jones broker in Sumter, South Carolina, Alexandria P. Bovee, reportedly accepted an industry bar instead of cooperating with FINRA’s investigation into her alleged involvement with a cannabis growing company labeled a Ponzi scheme.
According to public records posted on FINRA’s website, broker Alexandria Bovee (CRD # 7090353) was reportedly barred from the securities industry in January after allegations of “violating federal securities laws in connection with the offer or sale of securities issued by Integrated National Resources, Inc.”
The investigation allegedly stemmed from an investor tip referring to a complaint filed by the SEC against Integrated National Resources (INR), where Bovee purportedly received payments for her work aiding INR investors.
INR, also reportedly known as WeedGenics, allegedly faced legal action from the SEC, accused of misusing investor funds for personal expenses. Bovee’s alleged role involved persuading investors to restructure their holdings amid claims of pending public offerings and company changes. She denied wrongdoing, reportedly stating funds she received were separate from those taken from investors and her statements were vetted by lawyers or company documents. The lawsuit against INR is ongoin
FINRA BrokerCheck: Alexandria Bovee
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to Alexandria Bovee’s FINRA BrokerCheck report, she was reportedly affiliated with the following firm during her career:
05/10/2019 – 01/25/2023, EDWARD JONES (CRD#:250), SUMTER, SC
Filing a Complaint against your Brokerage Firm
FINRA has regulations in place to ensure advisors act in the best interest of their clients (known as the fiduciary duty), but it’s wise for investors to stay informed and ask for clarification about any recommendations made by their advisor.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you have suffered investment losses with Alexandria Bovee, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.
Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.
With over 30 years of securities law experience, The White Law Group has the expertise to help investors to recover their securities fraud losses. For more information, please visit our website, www.whitesecuritieslaw.com.
