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Written by 8:10 pm Broker Investigations, Securities Fraud Articles

Alexandria Bovee, Edward Jones, Barred by FINRA 

Alexandria Bovee, Edward Jones, Barred by FINRA featured by top securities fraud attorneys, the White Law Group

FINRA Investigating Alexandria Bovee involving Alleged Ponzi Scheme 

According to public records posted on FINRA’s website, broker Alexandria Bovee (CRD # 7090353), formerly registered with Edward Jones in Sumter, SC, was reportedly barred from the securities industry this week after allegations of “violating federal securities laws in connection with the offer or sale of securities issued by Integrated National Resources, Inc.
According to FINRA, this matter reportedly originated from an Investor Complaint Form submitted to FINRA referencing Securities and Exchange Commission v. Integrated National Resources, Inc., et al., Cause No. 8:23-cv-00855 (C.D. Cal.), in which Bovee was named as a “relief defendant” in the SEC’s Complaint. 

The SEC complaint referenced above involves an alleged ongoing offering fraud and purported Ponzi-like scheme by Integrated National Resources Inc. (INR), which does business as WeedGenics, and its two owners, who have purportedly raised more than $60 million from investors to expand their cannabis operations, but have instead allegedly used the majority of funds to make $16.2 million in Ponzi-like payments and to enrich themselves. 

Bovee allegedly failed to provide the requested documents in an investigation by the Financial Industry Regulatory Authority Inc. (FINRA) regarding the matter. The securities regulator barred her from the industry as of December 13, 2023. 

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.          

   

 

Tags: , , , Last modified: January 4, 2024