An ex-Edward Jones advisor defrauded clients of $1.2 million in a Ponzi-like scheme that lasted about six years, the SEC charges.

Authorities say that Bernard M. Parker lied to 22 clients, telling them that they were investing in tax liens when he was, in fact, using the funds to remodel his home, pay bills and make what he said were interest payments to other investors.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access