John Winslow, Edward Jones Broker, Indicted for Fraud

Edward Jones Broker John Winslow Allegedly Defrauded Customer 

The White Law Group continues to investigate potential securities claims involving former Edward Jones broker John Winslow of Gig Harbor, Washington.

John Winslow, a former Edward Jones representative, has reportedly been indicted on 14 criminal charges in the Western District of Washington, including wire fraud, mail fraud, money laundering, and filing false tax returns, according to news reports. The charges stem from allegations that Winslow misappropriated over $920,000 from a widowed client in her 70s.

The Department of Justice claims that Winslow exploited a long-term relationship with the client to carry out an alleged complex scheme that redirected funds from her Edward Jones accounts into his own hands.

Prosecutors allege that Winslow persuaded the client to transfer assets from her brokerage accounts to a personal bank account beyond Edward Jones’ oversight. He then allegedly instructed her—through coordinated phone calls and scripted directions—to deposit the money into his personal bank accounts, falsely promising higher returns than what her bank was offering.

Civil Lawsuit Leads to Bar

The SEC filed a civil lawsuit against Winslow as well and in March of this year, the agency reportedly issued a bar that prohibits Winslow from associating with any broker-dealer, registered investment advisor, or other regulated financial entity under the SEC’s purview.

FINRA Bars John Winslow from Working as a Broker

April 22nd, 2022: The Financial Industry Regulatory Authority (FINRA) reportedly barred broker John Scott Winslow (CRD#: 3071933) from working as a broker after allegations that he failed to disclose to his member firm that he received funds from a client.  

According to his FINRA BrokerCheck report, Winslow was reportedly dismissed from Edward Jones, his member firm, after allegedly admitting he failed to disclose to the Firm that he received funds from a client. He reportedly has one customer complaint on his record. He was reportedly affiliated with the following firms, among others, during his career in the securities industry:   

 09/20/2013 – 12/15/2021, EDWARD JONES (CRD#:250), GIG HARBOR, WA,  

06/06/2011 – 08/23/2013, UNIONBANC INVESTMENT SERVICES, LLC (CRD#:14455), TACOMA, WA 

Lawsuits to Recover Financial Losses         

The White Law Group is investigating potential securities fraud lawsuits regarding the liability that Winslow’s employers may have for failure to properly supervise him.  

When brokers and registered investment advisors violate securities laws, such as churning accounts or making unsuitable investment recommendations, 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.

Lawsuit Options: FINRA Arbitration vs. Class Action

Investors considering legal action may wonder whether a class action lawsuit or an individual FINRA arbitration claim is the better option. Typically:

• FINRA Arbitration is often more suitable for investors with losses exceeding $100,000.
• Class Action Lawsuits are usually pursued when numerous investors have small claims that are impractical to litigate individually.

 FINRA Attorneys – The White Law Group         

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.  We represent investors in all 50 states including Washington. Our attorneys have recovered millions of dollars from many brokerage firms in the past.           

If you are concerned about your investment losses with John Winslow and Edward Jones, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.