Roger Matthew Cotton is currently employed as a Broker and/or Investment Adviser at EDWARD JONES located at 1250 SW RAIL ROAD AVE, SUITE 110A, HAMMOND, LA, 70403.
Roger Matthew Cotton has worked at EDWARD JONES since May 26, 1989
Roger Matthew Cotton has 3 Disclosure Event(s).
Date: May 02, 2003 Category: Customer Dispute Allegations: CLIENT INDICATES HE INFORMED IR OF HIS NEEDS AND HOW HE WANTED HIS FUNDS INVESTED. CLIENT FURTHER INDICATES IR INFORMED HIM, WITH THE DISTRIBUTIONS CLIENT WAS TAKING, THAT CLIENT'S FUNDS WOULD LAST FOR 8-10 YEARS. CLIENT FURTHER ALLEGES THAT HIS INVESTMENTS WERE SOLD AFTER LOSING APPROXIMATELY $8,000, AT WHICH TIME THE CLIENT CLAIMS THE IR INFORMED HIM THAT THE IR DID NOT REALIZE WHAT THE CLIENT'S SHORT TERM NEEDS WERE. CLIENT DOES NOT MAKE A SPECIFIC CLAIM; HOWEVER, LOSSES IN THE ACCOUNT DO EXCEED $5,000. Damage Amount Requested: $5,000.00 Broker Comment: ACCORDING TO IR, WHEN THE ACCOUNT WAS ESTABLISHED OPTIONS FOR TAKING DISTRIBUTIONS WERE DISCUSSED INCLUDING ESTABLISHING A 72T DISTRIBUTION. IR HAS INDICATED HE PROVIDED INFORMATION TO THE CLIENT ILLUSTRATING THE EFFECTS OF DISTRIBUTIONS. IR FURTHER INDICATED HE HAD NO DISCUSSIONS WITH THE CLIENT REGARDING LEAVING FUNDS IN MONEY MARKET. IT IS UNDERSTOOD IR AND THE CLIENT DID DISCUSS WHETHER TO INVEST ALL OF THE FUNDS AT ONCE OR DOLLAR COST AVERAGE INTO THE MUTUAL FUNDS. IR HAS STATED THE CLIENT WAS PROVIDED WITH PROSPECTUSES AS WELL AS HYPOTHETICALS FOR EACH OF THE FUNDS PURCHASED. ACCORDING TO OUR RECORDS, MUTUAL FUNDS WERE INITIALLY PURCHASED IN THE ACCOUNT IN APRIL 2000. AT THE TIME OF THE PURCHASES, THE CLIENT WOULD HAVE RECEIVED TRADE CONFIRMATIONS WHICH PROVIDED DETAILS OF THE TRANSACTIONS AS WELL AS THE APPROPRIATE PROSPECTUSES. SINCE THE PURCHASES, THE CLIENT HAS RECEIVED STATEMENTS WHICH PROVIDE INFORMATION REGARDING THE INVESTMENTS HELD IN THE ACCOUNT AS WELL AS REFLECTING ACCOUNT ACTIVITY. BASED ON OUR REVIEW, IT IS OUR OPINION ALL TRANSACTIONS COMPLETED IN THE ACCOUNT WERE AUTHORIZED. FURTHERMORE, IT DOES NOT APPEAR THE MUTUAL FUNDS PURCHASED AND/OR HELD IN THE ACCOUNT ARE OUTSIDE THE SCOPE OF THE INVESTMENT OBJECTIVES OF THE ACCOUNT. EXPLAINED THAT WHILE THE FIRM UNDERSTANDS CLIENT'S DISAPPOINTMENT REGARDING THE DECLINE IN THE VALUE OF THE ACCOUNT, THE DECLINE IS ATTRIBUTED TO MARKET FLUCTUATION AS WELL AS WITHDRAWALS (APPROXIMATELY $71,500). CLAIM DENIED.
Date: October 30, 1991 Category: Regulatory Initiated By: FLORIDA DIVISION OF SECURITIES AND INVESTORPROTECT*See FAQ #1* Allegations: ON 10-30-91 THE STATE OF FLORIDA APPROVEDSUBJECT INDIVIDUAL AS AN ASSOCIATED PERSON OF EDWARD D. JONES &CO., PURSUANT TO AN AGREEMENT. Resolution: Decision Sanction Details: THE TERMS OF THE AGREEMENT PROVIDE, BUT ARE NOTLIMITED TO, THE FOLLOWING: COTTON AGREES NOT TO ACT IN ANYPRINCIPAL, SUPERVISORY, OR MANAGERIAL CAPACITY IN CONNECTIONWITH HIS EMPLOYMENT IN THE SECURITIES INDUSTRY. SUCH CONDITIONSWILL REMAIN IN EFFECT THROUGHOUT THE REGISTRATION WITH THISFIRM OR UNTIL RELIEF IS OTHERWISE SOUGHT AND GRANTED. CONTACTFLORIDA AGENT REGISTRATION SECTION FOR FURTHER INFORMATION. Broker Comment: NOT PROVIDEDTHIS AMENDMENT WAS ENTERED DUE TO THE FACT THAT 23E(3)WASANSWERED IN ERROR. 23E(3) SHOULD HAVE BEEN ANSWERED "NO".
Date: May 09, 1988 Category: Regulatory
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