Mark Saunders Discharged From Edward Jones Following Allegations Of Unauthorized Discretionary Trading

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Mark Saunders. Mark Saunders was a Missouri based securities broker. He worked in the securities industry for nineteen years. He spent his entire career registered with Edward Jones. He is no longer working as a registered securities broker in any fashion.

The Allegations

• In August 2015, a customer alleged that Mark Saunders executed unauthorized trades. This case was settled for $34,033 in damages.


• In June 2017, Mark Saunders was officially sanctioned by FINRA. The findings in this matter state that he exercised discretion in a customer's account without the proper authorization from the customer or his member firm having accepted the account as discretionary. Saunders allegedly purchased over $198,000 of securities in said customer's account. Due to these allegations, he was fined $5,000 and suspended from acting as a securities broker for a period of fifteen business days. Saunders was eventually discharged from his position at Edward Jones after continued allegations of unauthorized discretionary trading were filed against him.

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Mark Saunders, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.