FINRA Sanctions Thomas Hallberg

Soreide Law Group is investigating possible investor claims against securities broker Thomas Hallberg (also known as Tom Hallberg) [CRD: 3053755, Forest Lake, Minnesota]. Notably, FINRA sanctioned the securities broker, who worked for Edward Jones. Allegedly, Hallberg made discretionary trades. Here is a brief summary of FINRA’s allegations against Hallberg.

FINRA Sanctions Edward Jones’ Thomas Hallberg For Discretionary Trading

Specifically, on June 21, 2022, FINRA issued Case: 2020066756101, which contains sanctions against Thomas Hallberg for infractions. Specifically, Hallberg was fined and suspended. Mainly, FINRA alleged that Hallberg made discretionary trades.

Namely, FINRA says that during the time that he was associated with Edward Jones, Hallberg exercised discretion without written authorization. Supposedly, he did this to execute 42 trades in two accounts of a firm client from December 2019 through January 2020. While the client did permit Hallberg to exercise discretion, Hallberg was required to get written authorization or his firm’s approval to do so. Edward Jones did not allow the use of discretion in accounts at the firm. As a result, Hallberg violated FINRA Rules 2010 and 3260(b).

Hallberg Employment Information

• Hallberg has worked for Edward Jones in Forest Lake, MN, as a securities broker since June 16, 1998.
• Hallberg has worked for Edward Jones in Forest Lake, MN, as a financial advisor since December 10, 2013.

Did Edward Jones Securities Broker Thomas Hallberg Cause You To Experience Damages?

Did you sustain damages because of Thomas Hallberg? If so, get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities attorney concerning the potential recovery of your investment losses or other damages. Soreide Law Group, who has effectively recovered money for many investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Hallberg and brokerage firms Hallberg worked for deny accusations of sales practice violations.