Edward Jones Loses Court Fight to Restrain Former Broker

A federal judge in Indianapolis has denied Edward Jones’ motion for a temporary restraining order against a former broker who joined a competing firm, and in a stinging rebuke, said the broker-dealer seemed more interested in teaching him a lesson than in preventing the loss of clients. The adviser, John Kerr, managed $113 million and left Edward Jones at the start of August and began working at Thurston Springer Financial. In the complaint, Edward Jones alleged that Mr. Kerr, secretly and in violation of his contract, printed, copied and removed customer files and confidential records, and then solicited those clients, which allegedly violated his work contract with Edward Jones…READ MORE