In July 2024, Blackburn provided false and misleading documents to FINRA during an examination. Additionally, in August 2024, Blackburn affixed the signatures of four firm employees to attestations without the employees’ permission and provided the documents to FINRA in response to a subsequent request during the examination. As a result, Blackburn violated FINRA Rule 2010 and is suspended in all capacities for nine months and fined $5,000.

From January 2018 through April 2021, Edward Jones failed to report approximately 2.7 million fractional share liquidations to the FINRA/Nasdaq Trade Reporting Facility (TRF) or the Over-the-Counter Reporting Facility (ORF), in violation of FINRA Rules 6380A, 6622, and 2010. During the same period, the firm failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to comply with its trade reporting obligations for fractional share trades, in violation of FINRA Rules 3110(a) and (b) and 2010.