Investor Names Michael Melton in Pending Dispute

Michael Melton (CRD #: 4596556), a broker registered with Edward Jones, is named in a pending dispute, according to his BrokerCheck record, accessed on February 9, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On August 2, 2022, an investor who was also the executor of another deceased client’s estate filed a dispute against Michael Melton and Edward Jones. The client alleges that the firm permitted the wrongful transfer of funds from an account owned by the client’s deceased mother to the client’s brother.

The client additionally alleges concerns regarding her mother’s capacity to give transfer instructions as well as the validity of her brother’s power of attorney. She seeks $332,353.32 in damages in this pending dispute.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Michael Melton has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination
• Series 10 – General Securities Sales Supervisor – General Module Examination
• Series 24 – General Securities Principal Examination

Michael Melton is a registered broker in seven states and a registered investment adviser in Missouri and Texas.

Kurta Law Can Help

If you worked with Michael Melton and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.