Background Of Matthew Thomas Jennings (CRD No. 6762685)
Jennings first became registered with FINRA in May 2017 as a General Securities
Representative with Edward D. Jones & Co., L.P. On August 12, 2019, Edward Jones
filed a Uniform Notice for Securities Industry Registration (Form U5) terminating his
registration due to “[c]oncerns that registered representative introduced clients to an
investment not offered through the firm.”
Although Jennings is not currently associated with any FINRA member firm, FINRA
retains jurisdiction over him pursuant to Article V, Section 4 of FINRA’s By-Laws.
Respondent does not have any relevant disciplinary history.
Activity(s) Reported – Matthew Thomas Jennings
This matter originated from the August 12, 2019 Form U5 referenced above.
Under FINRA Rule 8210(a)(1), FINRA staff may require a “person associated with a
member, or any other person subject to FINRA’s jurisdiction to provide information
orally, in writing, or electronically . . . with respect to any matter involved in [an]
investigation.” FINRA Rule 8210(c) similarly provides that “[n]o member or person shall
fail to provide information . . . pursuant to this Rule.” A violation of FINRA Rule 8210 is
also a violation of FINRA Rule 2010, which requires associated persons to “observe high
standards of commercial honor and just and equitable principles of trade.”
In connection with this investigation, FINRA sent Rule 8210 requests for documents and
information to Jennings in 2019 and 2020, to which Jennings responded. In September
2020, Jennings also appeared for testimony requested in this matter pursuant to FINRA
Jennings ceased cooperating with FINRA’s investigation in October 2020. On September
22, 2020, FINRA sent a request to Jennings seeking the production of information and
documents pursuant to FINRA Rule 8210. As stated in his counsel’s email to FINRA on
October 19, 2020, and by this agreement, Respondent acknowledges that he received
FINRA’s request and will not produce the information and documents requested. By
refusing to produce the information and documents as requested pursuant to FINRA Rule
8210, Respondent violated FINRA Rules 8210 and 2010.
Penalties And Sanctions
■ a bar from associating with any FINRA member in any capacity.
Respondent understands that if he is barred or suspended from associating with any
FINRA member, he becomes subject to a statutory disqualification as that term is defined
in Article III, Section 4 of FINRA’s By-Laws, incorporating Section 3(a)(39) of the
Securities Exchange Act of 1934. Accordingly, he may not be associated with any
FINRA member in any capacity, including clerical or ministerial functions, during the
period of the bar or suspension. See FINRA Rules 8310 and 8311.
The sanctions imposed in this AWC shall be effective on a date set by FINRA. A bar or
expulsion shall become effective upon approval or acceptance of this AWC.
Recent Activity(s)Of The Individual/Firm
In October 2020, Jennings refused to respond to a request for the production of
information and documents issued pursuant to FINRA Rule 8210, in violation of FINRA
Rules 8210 and 2010.
How To Spot A Fraud Finance Advisor (Infographic)
Help For Victims Of Matthew Thomas Jennings
If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from Matthew Thomas Jennings. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.
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Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.
Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.
Matthew Thomas Jennings has been involved in fraudulent activities and is an unsafe professional entity. We strongly recommend you avoid any association with such a shady figure.
- Shady Activity
- Swindling Activity Reported By Clients
- Under Govt. Organization's Radar
- High Risk of Fraud