February, 2016 – David Cosgrove has teamed up with Dowd & Dowd to file a state court suit against Edward Jones and one of its financial advisers. The suit alleges that the adviser liquidated without authority almost 10,000 shares in an elderly investor’s account. The suit alleges that Edward Jones failed to take action when the investor’s daughter complained, and that the adviser proceeded to generate excess commissions by churning the proceeds of the unauthorized liquidation. Until a jury rules on the claims, the claims are only allegations by the investor and his counsel.
