Estimated reading time: 0 minutes, 41 seconds

Ed Jones Settles with Advisor Who Quit, Locked Staff Out of Office

Edward Jones has reached a confidential settlement with Russell Ryon Riggan, one of its FAs who resigned abruptly after 15 years with the firm only to set up shop next door as a broker for Raymond James. The deal was reached on June 3. So reports Financial Advisor IQ.

Edward JonesRiggan, who managed $500 million for Edward Jones in Texas, also reportedly locked the rest of the office’s staff out and took all of its furniture. Edward Jones sough and was granted a temporary restraining order.

The Edwards Jones office is located in a building owned by Riggan, under the name RhettKyn LLC/Riggan. The settlement does not apply to claims by Edward Jones against RhettKyn.

Both Edward Jones and Raymond James, which is not involved in the lawsuit, declined comment for the article.

Read the full article from Financial Advisor IQ.

Read 1373 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.