National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Casey Kemerly Edward Jones Investigation”) into former Edward Jones broker Casey Kemerly in light of a recent disciplinary action disclosed by FINRA. On August 4, 2021, FINRA disclosed in a Letter of Acceptance, Waiver and Consent that it has barred former Edward Jones broker Casey Kemerly relating to his refusal to provide information and documents requested pursuant to FINRA Rule 8210 and 2010.
What is a FINRA AWC?
According to FINRA Rule 9216, if FINRA’s Department of Enforcement has reason to believe a member or associated person has committed a violation, and that member or associated person does not dispute the violation, the Department of Enforcement may prepare and request that the member or associated person execute a Letter of Acceptance, Waiver and Consent (“AWC”).
The AWC contains several important details. For instance, the letter will describe:
- The act or practice engaged in or omitted;
- Relevant FINRA rules, regulations, or statutory provision violated; and
- The sanction or sanctions to be imposed
Former Edward Jones Broker Casey Kemerly and the August 2021 FINRA AWC
On March 12 and June 4, 2021, FINRA sent requests to Casey Kemerly for the production of documents and information. The former Edward Jones broker made a partial production, and he ceased cooperating with FINRA in June 2021.
Through his counsel, Casey Kemerly acknowledged that he received FINRA’s request for information and will not produce the information and documents as requested.
By refusing to produce the information and documents, FINRA stated that former Edward Jones broker Casey Kemerly violated FINRA Rules 8210 and 2010.
FINRA Sanctions Casey Kemerly
The FINRA AWC states that Casey Kemerly consented to a bar from associating with any FINRA member in all capacities.
Casey Kemerly Edward Jones Investigation – BrokerCheck of Casey Kemerly
According to FINRA BrokerCheck, Casey Kemerly was last registered with Edward Jones in October 2020. He worked out of Edward Jones’s Pennington Gap, Virginia branch office. His other previous registrations include, but are not limited to:
- Park Avenue Securities (February 2017 to February 2019) (Indianapolis, IN)
- LPL Financial (January 2016 to August 2016) (Lafayette, IN)
- Edward Jones (February 2012 to January 2016) (Greenfield, IN)
His BrokerCheck displays pending criminal charges involving forgery and theft. The charge date is August 26, 2020, and charges are felonies. The formal charges were brought in Madison County circuit court in Anderson, Indiana.
Invest with Casey Kemerly at Edward Jones?
Former customers of former Edward Jones broker Casey J. Kemerly with investment losses that exceed $100,000, and those who may have information relating to the manner in which the broker handled their accounts, are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.
KT is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. KT has recovered more than $220 million for investors in FINRA arbitrations. KT has office locations in California, Florida, New York, and Puerto Rico.
Lawrence L. Klayman, Esq. (561) 542-5131