Adam Robert Bollinger—Conversion of Customer Funds

stockbroker fraud lawyerAdam Robert Bollinger Allegedly Converted Funds from Six Customers While at Edward D. Jones & Co., L.P.; Occasionally Obtained Funds Under Guise of Soliciting Charitable Contributions

Adam Robert Bollinger, between February and December of 2014, allegedly converted $17,525 from seven individuals, six of whom were Edward D. Jones & Co., L.P customers, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). In addition, the AWC notes, Bollinger sometimes raised funds under the guise of soliciting charitable contributions.

During the aforementioned time period Bollinger, while associated with Edward D. Jones, allegedly converted $17,525 from six of the firm’s customers and the son of a seventh, according to the AWC.

Bollinger did this by allegedly requesting that the individuals make out checks payable to him for slew of reasons, including charitable donations, the AWC notes. Instead of using the funds, however, the AWC reports, for said purposed Bollinger allegedly converted them for his own personal use.

Adam Robert Bollinger Allegedly Set up Phony Muscular Dystrophy Golf Outing, Banned by FINRA

Bollinger, in February of 2014, allegedly solicited an investor, known only as TG, whose father was an Edward Jones customer, to sponsor a hole for a charity golf tournament that Bollinger falsely claimed was being organized through the Muscular Dystrophy Association, according to the AWC.

TG complied with the request, and gave Bollinger a check for $600, which was made payable to Bollinger, the AWC reports. Rather than apply said dollars for charitable purposes, Bollinger allegedly kept the funds for personal use. Later in 2014, Bollinger refunded $600 to TG, claiming that the golf tournament never took place, according to the AWC.

By converting funds as described from six Edward Jones customers, and one non-firm customer, Bollinger violated FINRA Rules.  Hence, FINRA has banned Bollinger from associating with any FINRA member firm in any capacity.

The Peiffer Rosca Wolf Securities Lawyers Often Represent Investors

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of inappropriate customer fund conversion. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of inappropriate customer fund conversion may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.