From 2001 to 2021, Roland Terrence Molo (CRD: 4371241) was a registered broker with Edward Jones in Illinois.
On his BrokerCheck report, Molo has nine disclosures including allegations he stole $800,000 from senior citizens by convincing them to transfer money out of their financial institution accounts for the purported investment in tax-free bonds without their knowledge or authorization. The bonds did not exist and instead Molo is alleged to have misused the money for his own personal use.
Brokerage firms, such as Edward Jones, are responsible for properly supervising all representatives who are registered with them. Brokerage firms must also guarantee that its financial advisors adhere to all securities rules and regulations, as well as internal business standards. Customers may hold brokers and brokerage firms accountable for investment losses if brokerage firms fail to effectively oversee their licensed representatives.
Maddox Hargett & Caruso, P.C. represents investors nationwide who are trying to recover their losses. You can call or email our senior partner Mark Maddox to have your potential case evaluated at no charge. Please call 317-598-2043 or email him at mmaddox@mhclaw.com.