FINRA’s Department of Enforcement investigated Bollinger and alleged he converted money from seven individuals – six of whom were firm customers. Specifically, in 2014, Bollinger began soliciting individuals to donate funds for a charitable golf tournament. However, the charitable golf tournament did not exist and was fictitious. As a result, instead of allocating the donated funds to charitable causes, Bollinger converted the funds for his personal use and benefit.
FINRA alleged Bollinger’s misconduct violated several financial industry rules and regulations including FINRA Rules 2010 and 2510. FINRA Rule 2010 requires its members to exhibit “high standards of commercial honor and just and equitable principles of trade.” Here, Bollinger improperly used his customer’s funds by converting the funds for his own personal benefit, and therefore, did not exhibit high standards of commercial honor and just and equitable principles of trade
Lufrano Law, LLC is a national securities litigation firm and has experience representing investors who have investment disputes with brokers and broker-dealers. If you lost money either investing or donating funds with Bollinger while Edward Jones employed him as a general securities representative, you may be able to recover your losses through FINRA arbitration. Our firm only receives a fee if you recover money. Please contact one of our attorneys at (800) 627-2179 to schedule a free consultation.